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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 says Batelco Seychelles deal expires
2 Dec 2013 - Monday broker round-up UPDATE
2 Dec 2013 - Ex-divs to take 11.6 points off FTSE 100 on Nov. 13
11 Nov 2013 - Monday broker round-up UPDATE
11 Nov 2013 - Friday broker round-up UPDATE
8 Nov 2013 - FTSE 250 movers: Halfords charges higher on strong H1
7 Nov 2013 - UK WINNERS & LOSERS: Halfords Goes The Extra Mile, Inmarsat Slips
7 Nov 2013 - Cable & Wireless says smartphones help mobile return to growth
7 Nov 2013
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CWC.L News
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...
Monday broker round-up UPDATE
Aberdeen Asset Management: Credit Suisse raises target price from 465p to 515p and maintains a neutral rating. Admiral Group: Citi moves target price...
Ex-divs to take 11.6 points off FTSE 100 on Nov. 13
LONDON, Nov 11 (Reuters) - The following FTSE 100 companies will go ex-dividend on Wednesday, after which investors will no longer qualify for the lat...
Monday broker round-up UPDATE
Associated British Foods: Barclays downgrades to equal-weight with a target price of 2100p. Bovis Homes Group: Deutsche Bank moves target price from ...
Friday broker round-up UPDATE
Abcam: Canaccord Genuity moves target price from 396p to 386p and keeps a sell recommendation. N+1 Singer shifts target price from 450p to 445p downgr...
FTSE 250 movers: Halfords charges higher on strong H1
Car- and bike-parts retailer Halfords saw its shares rocket after delivering an impressive first half. The group posted profit before tax in the fir...
Cable & Wireless says smartphones help mobile return to growth
* Mobile revenue in first half up 3 pct versus flat forecast * Shares rise to two-year high By Paul Sandle LONDON, Nov 7 (Reuters) - Britain's Cable &...
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