Cable & Wireless Communications - proposed disposal of its business in Macau
Slaughter and May is advising Cable & Wireless Communications Plc ('CWC') on its agreement with CITIC Telecom International Holdings Limited ('CITIC Telecom') for the sale of its controlling 51% stake in Companhia de Telecomunica?ões de Macau S.A.R.L. ('CTM') for US$749.7 million in cash (the 'CWC Disposal').