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CWW secures an £82m government contract win
CABLE & Wireless Worldwide (CWW) yesterday announced an £82m, five year contract to supply a telecoms network for the Foreign and Commonwealth Office (FCO).
The firm hopes the deal will act as a jumping block for other government departments to separately contract to user the network.
The contract represents around five per cent of CWW’s total UK public sector income and has been seen as a positive sign for the firm, which has been hit by the drop in government tenders.
The deal will save the FCO an estimated £90m over the course of the contract.
Jerry Dellis, an analyst with Jefferies International, said the deal suggests CWW has scope to grow in the public contract sphere.