Media Releases

Standard & Poor’s upgrade Optus

21 February 2000, 9:00 am

Cable & Wireless Optus today welcomed Standard & Poor’s decision to upgrade its credit rating. Standard & Poor’s lifted Cable & Wireless Optus’ long term credit rating from BBB+ to A- while the short term rating has been affirmed at A-2. This follows a similar upgrade from Baa2 to Baa1 by Moody’s last week. Chris … Read more

Cable & Wireless confirms commitment to Optus

21 February 2000, 9:00 am

Sir Ralph Robins, Chairman of both Cable & Wireless plc and Cable & Wireless Optus, today confirmed the UK company’s commitment to its strategic investment in Cable & Wireless Optus. His comments followed the recent Cable & Wireless Optus board meeting in Melbourne, and a number of meetings with institutional shareholders and key corporate clients … Read more

Virgin Mobile coming to Australia

20 February 2000, 9:00 am

Cable & Wireless Optus and Virgin today announced the two companies had agreed to launch a Virgin branded mobile phone company in Australia later this year. Paul O’Sullivan, Managing Director Mobile, Cable & Wireless Optus said the deal with Sir Richard Branson’s Virgin Group would help Optus reach the emerging mass market of young and … Read more

Cable & Wireless Optus Credit Rating Upgrade

14 February 2000, 9:00 am

Cable & Wireless Optus’ unsecured credit rating from Moody’s Investors Services was upgraded last week, taking the company’s rating from Baa2 to Baa1. The rating reflects the progress the company has made in developing its portfolio of services, while maintaining an appropriate financial risk profile. “We are delighted that Moody’s has recognised the value of … Read more

Cable & Wireless Optus says satellite can service bush

8 February 2000, 9:00 am

Cable & Wireless Optus today said that satellite technology is the best way to deliver untimed local calls to 40,000 regional Australians who currently miss out on a fair deal. “Country people deserve the same access to communications as their capital city counterparts. It is unacceptable that they have to pay by the minute for … Read more