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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
- Cable & Wireless Comms reverses transaction with Batelco
30 Dec 2013 - Bahraini Batelco's foreign ambitions crimped
19 Dec 2013 - FTSE 250 movers: Cable & Wireless, Go-Ahead Group
17 Dec 2013 - London midday: Markets pull back as investors prepare for Fed meeting
17 Dec 2013 - London open: Markets pull back as investors await Fed outcome
17 Dec 2013 - Tuesday broker round-up UPDATE
17 Dec 2013 - UPDATE 1-Batelco deal for C&W's Seychelles business falls through
2 Dec 2013 - RPT-C&W Communications says Batelco Seychelles deal expires
2 Dec 2013
Related News
CWC.L News
Cable & Wireless Comms reverses transaction with Batelco
Cable & Wireless Communications (CWC) and Bahrain Telecommunications Co. (Batelco) have agreed to unwind part of the previous transfer of part of its ...
Bahraini Batelco's foreign ambitions crimped
* Some aspects of acquisition did not get approval * Analysts question merits of purchase * Batelco's profits have fallen in 15 of past 17 quarters By...
FTSE 250 movers: Cable & Wireless, Go-Ahead Group
Cable & Wireless Communications gained on speculation that media giant Liberty Global is mulling a cash bid for the telecoms group. Go-Ahead Group ad...
London midday: Markets pull back as investors prepare for Fed meeting
- US inflation in focus ahead of Fed meeting - German sentiment rises; UK inflation eases - S&P downgrades RSA, Fitch lowers outlook - Cable & Wireles...
London open: Markets pull back as investors await Fed outcome
- Markets pull back after 1.3 per cent surge on Monday - Investors await US inflation data ahead of Fed meeting - RSA hit by two credit ratings downgr...
Tuesday broker round-up UPDATE
Advanced Medical Solutions: Panmure Gordon downgrades from buy to hold with a target price of 102p. Antofagasta: Canaccord Genuity cuts target price ...
UPDATE 1-Batelco deal for C&W's Seychelles business falls through
LONDON, Dec 2 (Reuters) - Cable & Wireless Communications said on Monday the sale of its business in the Seychelles to Bahrain Telecommunications Co ...
RPT-C&W Communications says Batelco Seychelles deal expires
LONDON, Dec 2 (Reuters) - Cable & Wireless Communications is considering options for its assets in the Seychelles after Bahrain Telecommunications Co...
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