"The value of focus is not just a myth of the financial markets. For fast-growth businesses in rapidly expanding markets, it's essential." So says Graham Wallace, boss of Cable & Wireless for the past 18 months. But while everyone agrees that focus is "a good thing", in the merger-driven, scale-obsessed world telecoms industry, it is a concept that tends to be honoured only in the breach. When the next big, acquisitive, headline-grabbing deal is on the table, focus is for the birds. Which is why Mr Wallace's determination to walk the talk is so unusual.
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