Prodigy buys Cable & Wireless' consumer service
In a move that will expand its customer base, White Plains, N.Y.-based Prodigy Communications Corp. will acquire the consumer, business and campus subscribers of Cable & Wireless USA in a $50 million to $75 million cash transaction. The final amount will be determined by the number of Cable & Wireless subscribers who move to Prodigy's service. After the transaction, Cable & Wireless will focus on being a communications provider for businesses.
Copyright May 1999, Crain Communications Inc.