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Cable & Wireless Optus Strategic Review
22 Dec 2000

In response to a media report this morning, Cable & Wireless Optus advises that it has received a number of serious expressions of interest in regard to the company's Strategic Review, announced in September. The expression of interest process has not yet closed and all expressions of interest are confidential, preliminary and indicative in nature.

A decision about the outcome of the Strategic Review will be taken only after due diligence has been undertaken, formal offers have been considered and Board approval finalised.

For more information:
Stephen Woodhill
Cable & Wireless Optus
Phone: 02 9342 7850