Cable & Wireless To Acquire Exodus
Cable & Wireless announced Friday that it will acquire most of the assets of Exodus Communications in an all-cash transaction.Cable & Wireless announced Friday that it will acquire most of the assets of Exodus Communications in an all-cash transaction of $575 million. Cable & Wireless will also assume approximately $180 million in Exodus debt. The London-based telecommunications giant will acquire Exoduss American, Japanese and European customer contracts, and other assets, including 26 data centers in the US, 2 in London and one each in Tokyo and Frankfurt.
The acquisition fits Cable & Wireless strategy to provide Internet Protocol and data services to business customers in the US, Europe and Japan. Earlier this year Cable & Wireless acquired the assets of another struggling Web-hosting company, Digital Island, for $340 million.