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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
- UPDATE 1-C&W grows less confident over sale of Monaco business
22 May 2013 - Cable and Wireless earnings beat expectations as cost cuts planned
22 May 2013 - Cable & Wireless Comms targets Caribbean cost cuts
22 May 2013 - Monday broker round-up UPDATE
20 May 2013 - Cable & Wireless sails into Americas partnership with Columbus
14 May 2013 - UPDATE 2-Telefonica sells stake in Central American assets
30 Apr 2013 - Monday broker round-up UPDATE
22 Apr 2013 - Cable & Wireless completes sale of Monaco & Islands division
3 Apr 2013
Related News
CWC.L News
UPDATE 1-C&W grows less confident over sale of Monaco business
* Regulatory approval proving thornier than expected * Core earnings rise 1 pct, in line with forecasts By Paul Sandle LONDON, May 22 (Reuters) - Cabl...
Cable and Wireless earnings beat expectations as cost cuts planned
Cable & Wireless Communications (CWC) reported earnings slightly ahead of expectations and has identified major ongoing cost-cutting measures. The co...
Cable & Wireless Comms targets Caribbean cost cuts
LONDON, May 22 (Reuters) - Cable & Wireless Communications met expectations with a 1 percent rise in full-year core earnings, and said it would cut $...
Monday broker round-up UPDATE
Alent: Credit Suisse initiates with a target price of 430p and an outperform rating. Amlin: Morgan Stanley ups target price from 428p to 469p, while ...
Cable & Wireless sails into Americas partnership with Columbus
Cable & Wireless Communications has entered into a strategic partnership for the pan-America region with rival Columbus Networks. The pair will form ...
UPDATE 2-Telefonica sells stake in Central American assets
* Sells 40 percent stake to CMI for $500 million * Deal allows debt cutting while bringing in new partner * Price could rise by $72 million if assets ...
Monday broker round-up UPDATE
Admiral Group: Deutsche Bank takes target price from 1140p to 1300p retaining a hold recommendation. African Barrick Gold: Deutsche Bank ups target p...
Cable & Wireless completes sale of Monaco & Islands division
Cable & Wireless Communications (CWC) has completed the sale of its Monaco & Islands division as part of its plan to scale back its geographic footpri...
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