The Wiring Of Britain

For investors keen on the Information Superhighway, Britain seems the land of opportunity these days. A $660 million offering by U.S. cable operator Telewest on the London Stock Exchange and NASDAQ was oversubscribed by six times last fall. Now, several other U.S., Canadian, and European companies are turning to the market to raise capital for the wiring of Britain--a $15 billion project to lay thousands of kilometers of fiber-optic cable to carry data, video, and telephone calls by the decade's end.

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