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Cable & Wireless Comms says on track with first-quarter growth

Tue, 21st Jul 2015 06:27

LONDON, July 21 (Reuters) - Cable & Wireless Comms,the telecoms group active in the Caribbean and Latin America,said demand for broadband and video helped it grow in the firstquarter, as mobile revenue stalled.

The company, which bought rival Columbus earlier this year,said group revenue grew 4 percent to $583 million in the threemonths to end-June.

Analysts at Jefferies said the update revealed a steadyperformance, with the company confident it was on track to meetconsensus full-year expectations for revenue of $2.49 billionand core earnings of $928 million. (Reporting by Paul Sandle; editing by Kate Holton)

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