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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 Earnings, Trading Statements Calendar - Week Ahead
5 Feb 2014 - UK Earnings, Trading Statements Calendar - Week Ahead
4 Feb 2014 - Sector movers: BT boosts telecoms, defensives gain in sell-off
31 Jan 2014 - Cable & Wireless Commits 2% Of Bahamas Subsidiary To Create Charity
23 Jan 2014 - Cable & Wireless forms charitable foundation in The Bahamas
23 Jan 2014 - Wednesday broker round-up UPDATE
22 Jan 2014 - Next Fifteen CEO sells after upbeat trading statement
21 Jan 2014 - DIRECTOR DEALINGS: Cable & Wireless Directors Transfer, Sell Shares
21 Jan 2014
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Sector movers: BT boosts telecoms, defensives gain in sell-off
An upbeat outlook from phone and broadband giant BT boosted the fixed line telecoms sector on Friday after the company's third-quarter statement impre...
Cable & Wireless Commits 2% Of Bahamas Subsidiary To Create Charity
LONDON (Alliance News) - Cable & Wireless Communications PLC Thursday said it has reached an agreement with the government of The Bahamas to establish...
Cable & Wireless forms charitable foundation in The Bahamas
Cable & Wireless Communications (CWC) has formed an agreement with the government of The Bahamas to set up a charitable foundation dedicated to invest...
Wednesday broker round-up UPDATE
Admiral Group: Numis raises target price from 1425p to 1710p upgrading from add to buy. African Barrick Gold: Deutsche Bank moves target price from 1...
Next Fifteen CEO sells after upbeat trading statement
Timothy Dyson, the Chief Executive Officer of Next Fifteen Communications, the global digital marketing and PR firm, disposed of 77,997 shares on Tues...
DIRECTOR DEALINGS: Cable & Wireless Directors Transfer, Sell Shares
LONDON (Alliance News) - Cable & Wireless Communications PLC Tuesday said Chief Financial Officer Tim Pennington acquired 878,412 shares under the com...
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