	cable says consortium proposals not acceptable cable and wireless plc cawl l said proposals to resolve a dispute over entry to japan s telecommunications market were not acceptable a company spokesman said the proposals appear to have been made in today s edition of the japanese daily asahi by fumio watanabe head of a telecommunications committee with the federation of economic organisations however the suggestion still recommended a merger between the two consortia tendering for contracts and would give cable a five pct stake more than the three pct originally proposed but less than the pct it holds in its original venture he said the proposal would also offer a cable nominee a seat on the board of the merged company the spokesman said he believed japan should accept applications from the two rivals for fair review earlier today cable shares firmed on market speculation that the dispute which is being treated by britain s government as a test case of how open the japanese telecommunications market is was near settlement cable shares at gmt were quoted at p compared with a close last night at p reuter 
