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Cable & Wireless, the global telecommunications group, took first place at the 2002 Internet Industry Awards - the ISPAs - held in London on 13 February, beating Colt, Energis, KPNQwest and WorldCom to be named 'Best Pan-European Business ISP'. Cable & Wireless was also shortlisted for the Best Carrier and Best UK Business ISP awards.


Following research conducted by Durlacher, a leading research and investment group, Cable & Wireless was praised for its strong European brand and financial performance. Cable & Wireless was judged as a truly pan-European service provider having consolidated its business across Europe and therefore able to react quickly to business demands.


Cable & Wireless has acquired over 26 European IP and data businesses since its transformation to focus on providing IP services to business customers. In doing so, it has become one of the leading service providers in Europe. Combining acquired market expertise with its high quality network and IP solutions has placed Cable & Wireless in an extremely strong position in the European ISP market.


"This award is a significant endorsement of the investments we have made in building one of the leading ISP offerings in Europe," said Andrew McGrath, president, Cable & Wireless Service Providers. "Through acquiring expertise in 10 European countries and consolidating these businesses under the Cable & Wireless brand, we have built a truly pan-European service for our customers."


The 4th annual ISPA awards were attended by over 500 leading figures from the UK Internet industry and addressed by Douglas Alexander MP, Minister of State for E-commerce and Competitiveness. The ISPAs are unique in that they are awarded to people and organisations in the industry by their peers and reflect the broad nature of the service provider sector. Formed in 1995 as the trade association to represent ISPs in the UK, the Internet Service Providers Association promotes self-regulation, competition and the development of the internet industry. The ISPA was also instrumental in the formation of EuroISPA, a European federation of Internet Service Provider Associations which seeks to influence EU internet policies.

For further information about the awards, please visit http://www.ispaawards.org.uk

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About Cable & Wireless


Cable & Wireless is a major global telecommunications business with revenue of over £8 billion (US billion) in the year to 31 March 2001 and customers in 70 countries and consists of two core and complementary divisions: Cable & Wireless Regional and Cable & Wireless Global. Cable & Wireless Regional offers a full range of telecommunications services in 27 countries around the world. Cable & Wireless Global's focus for future growth is on IP (internet protocol) and data services and solutions for business customers. It is developing advanced IP networks and value-added services in the US, Europe and the Asia-Pacific region in support of this strategy. With the capability of its global IP infrastructure and its financial strength, Cable & Wireless holds a unique position in terms of global coverage and services to business customers.


For more information about Cable & Wireless, go to http://www.cw.com


About The Internet Services Providers' Association (ISPA)


The Internet Services Providers' Association (ISPA) was established in 1995 as a trade association to represent Internet Services Providers (ISPs) in the UK. ISPA promotes competition, self-regulation and the development of the Internet industry.


For a list of members or other information about ISPA, please consult the website: http://www.ispa.org.uk


About Durlacher


Durlacher Corporation is a quoted broking, research, publishing and investment group. Durlacher Limited provides corporate, institutional and private client broking,marketmaking and fund management. Its award-winning, execution-only broking unit, www.nothing-ventured.com, publishes original investment ideas and research through specialist newsletters and websites. Durlacher's investment division holds a portfolio of stakes in quoted and unquoted early-stage companies. It has a strong focus within the TMT and Life Sciences sectors.

http://www.durlacher.com

For further information, please contact:


David Thain
Cable & Wireless
Tel: 020 7315 2977
E-mail: david.thain@cw.com

Nick Wilkins
Brodeur Worldwide (for Cable & Wireless)
Tel: 01753 448883
E-mail: nwilkins@uk.brodeur.com
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