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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
- UK MIDDAY BRIEFING: Pearson's "Solid Start" Drives Shares Higher
25 Apr 2014 - UK WINNERS & LOSERS: Pearson, William Hill Lead Blue-Chip Gainers
25 Apr 2014 - TOP NEWS: UK Government Blocks RBS On Bonus Payout Ratio
25 Apr 2014 - Cable & Wireless sells Monaco stake for 445m dollars
25 Apr 2014 - Cable & Wireless sells Monaco Telecom stake to Xavier Niel
25 Apr 2014 - UK MORNING BRIEFING: William Hill Leads Weak FTSE 100
25 Apr 2014 - Cable & Wireless Sells Monaco Telecom In EUR322 Million Deal
25 Apr 2014 - UK BROKER RATINGS: Five Brokers Cut HSBC Price Target
25 Feb 2014
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CWC.L News
UK MIDDAY BRIEFING: Pearson's "Solid Start" Drives Shares Higher
LONDON (Alliance News) - Pearson leads the FTSE 100 as we head into afternoon trading Friday after the company maintained its full-year adjusted earni...
UK WINNERS & LOSERS: Pearson, William Hill Lead Blue-Chip Gainers
LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Friday.-------FTSE 100 - WINNER...
TOP NEWS: UK Government Blocks RBS On Bonus Payout Ratio
LONDON (Alliance News) - The following is a summary of top news stories Friday.----------COMPANIES----------The Royal Bank of Scotland Group PLC warne...
Cable & Wireless sells Monaco stake for 445m dollars
Telecoms group Cable & Wireless Communications has sold its stake in Monaco Telecom to French entrepreneur Xavier Neil for 445m dollars. The British ...
Cable & Wireless sells Monaco Telecom stake to Xavier Niel
LONDON, April 25 (Reuters) - Cable & Wireless Communications has sold its stake in Monaco Telecom to French entrepreneur Xavier Niel, chief executive...
UK MORNING BRIEFING: William Hill Leads Weak FTSE 100
LONDON (Alliance News) - UK shares have opened lower Friday on heightened concerns about the standoff in Ukraine.William Hill said it will close 109 g...
Cable & Wireless Sells Monaco Telecom In EUR322 Million Deal
LONDON (Alliance News) - Cable & Wireless Communications PLC said Friday it has agreed to sell Compagnie Monégasque de Communication, the holding comp...
UK BROKER RATINGS: Five Brokers Cut HSBC Price Target
LONDON (Alliance News) - The following UK shares received analyst recommendations Tuesday morning:----------FTSE 100----------UBS CUTS HSBC PRICE TARG...
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