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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
- Sector movers: Telecoms rise as BT hits record high
16 Oct 2013 - Wednesday broker round-up UPDATE
16 Oct 2013 - Cable & Wireless Communications offloads Algerian unit
14 Oct 2013 - Cable & Wireless Sells Algerian Satellite Business For USD1.4 Million
14 Oct 2013 - Cable & Wireless' Subsidiary To Sell Divona To Smart Link Com For $1.4 Mln
14 Oct 2013 - Friday broker round-up UPDATE
9 Aug 2013 - Bahrain's Batelco H1 net profit falls 22 pct
30 Jul 2013 - Cable & Wireless reports mobile data revenue growth
25 Jul 2013
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Bahrain's Batelco H1 net profit falls 22 pct
DUBAI, July 30 (Reuters) - Bahrain Telecommunications Co (Batelco) posted a 22 percent fall in net profit in the first half of the year weighed down ...
Cable & Wireless reports mobile data revenue growth
Cable & Wireless said it was trading in line with expectations with continued date usage growth across its portfolio. In an interim management statem...
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