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Cable & Wireless Comms steps up network investment
LONDON, May 21 (Reuters) - Cable & Wireless Communications said on Wednesday it would step up investment in itsnetworks in the Caribbean and Central America in a bid to returnto revenue growth and improve earnings.
The fixed and mobile operator unveiled its new strategyafter the group posted a 5 percent increase in full-year coreearnings to $608 million on like-for-like revenue of $1.87billion, down 1 percent.
The British company said it would increase capitalinvestments by $250 million over the next three years, taking total capex spending to $1.05 billion.
It said the investment was expected to deliver modest topline growth, reversing a historic declining revenue trend, andmid to high single digit compound annual growth in earnings inthe period. (Reporting by Paul Sandle; editing by Kate Holton)
Latest CWC News
- C&W Communications appoints new CFO
9 Jun 2014 - Cable & Wireless Appoints New Finance Boss After Four Month Hunt
9 Jun 2014 - Two Great Portland directors sell stock after share awards
6 Jun 2014 - FTSE 250 movers: De La Rue climbs on profit, broker comment
28 May 2014 - London midday: Stocks rangebound as investors turn cautious
28 May 2014 - UK WINNERS & LOSERS: Glaxo Falls As Another Investigation Begins
28 May 2014 - Wednesday broker round-up UPDATE
28 May 2014 - UK BROKER RATINGS: Berenberg Cuts Vodafone To Hold
28 May 2014
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C&W Communications appoints new CFO
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Cable & Wireless Appoints New Finance Boss After Four Month Hunt
LONDON (Alliance News) - Cable & Wireless Communications PLC Monday said it has appointed a new Chief Financial Officer after a four-month hunt to rep...
Two Great Portland directors sell stock after share awards
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UK WINNERS & LOSERS: Glaxo Falls As Another Investigation Begins
LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Wednesday.-------FTSE 100 - WIN...
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Accesso Technology Group: Numis initiates with a target price of 690p and a buy recommendation. Alternative Networks: Westhouse Securities upgrades f...
UK BROKER RATINGS: Berenberg Cuts Vodafone To Hold
LONDON (Alliance News) - The following UK shares received analyst recommendations Wednesday morning:----------FTSE 100----------TRADERS: BERNSTEIN CUT...
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