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The roll out of the Bulldog access network is progressing ahead of schedule.
As of 15 April 2005 Bulldog had installed and released for service 320
exchanges. We expect therefore to complete the initial phase of our
investment - 400 exchanges - by May 2005, seven months ahead of our initial
timetable.
Customer response to our initial offer is encouraging and we remain very
confident about the rate of customer acquisition in the second half of this
calendar year, as we enter the full commercial phase of our plan.
We have also made substantial progress in the development of Bulldog's
organisation and the appointment of Emanuele Angelidis as CEO provides
Bulldog with the leadership and operating experience to execute its plans.
It is against this background that the Bulldog team is developing plans for
higher speed services (currently already twice as fast as BT) and an
extended roll out that would take our market coverage beyond 30 percent.
Cable & Wireless' NGN forms the scalable and flexible basis on which to grow
Bulldog's service speed and footprint.
The plan will meet our internal financial criteria and its implementation
will be phased with the evolution of customer demand. An update on the next
phase of the plan will be communicated with the final results announcement
on 26 May 2005.
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More on Bulldog/C&W at
http://fool.uk-wire.com/cgi-bin/arti...0100P1BB7.html
Regards
Sunil