LONDON--Global communications firm Cable & Wireless Communications PLC (CWC.LN) said Wednesday it is in discussions with CITIC Telecom International Holdings Ltd. (1883.HK) regarding a potential sale of its 51% shareholding in Companhia de Telecomunicacoes de Macau S.A.R.L., or CTM, in Macau.

MAIN FACTS:

-CITIC is a 20% shareholder in CTM.

-At this point there can be no certainty that the discussions will lead to a transaction.

-Shares closed Tuesday at 36 pence valuing the company at 914.93 million pounds.

-Write to Ian Walker at ian.walker@dowjones.com

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