Less Ads, More Data, More Tools Register for FREE

Pin to quick picksCWC.L Share News (CWC)

  • There is currently no data for CWC

Cable & Wireless extends longstop date for Columbus acquisition

Mon, 02nd Mar 2015 14:35
Cable & Wireless Communications (CWC) said on Monday it has agreed to extend the longstop date of the acquisition of Columbus International.The longstop date will be extended from 28 February to 15 March.The $1.85bn acquisition of the privately-owned telecommunications and technology company operating in the Caribbean, Central America and the Andean regions was announced in November.CWC expects the deal to increase investment, generate more jobs and provide customers with more mobile networks, faster broadband and more TV choices.Phil Bentley, CWC's chief executive, said at the time of the announcement: "This is a transaction that transforms CWC, providing a step-change in growth and returns."Together, we will create the best-in-class quad-play offering in the region, delivered on a superior mobile, fibre and subsea network."Shares in Cable & Wireless rose 1.03% to 58.9p on Monday at 14:40.

Related News

CWC.L News

UK MIDDAY BRIEFING: Pearson's "Solid Start" Drives Shares Higher
25 Apr 2014

UK MIDDAY BRIEFING: Pearson's "Solid Start" Drives Shares Higher

LONDON (Alliance News) - Pearson leads the FTSE 100 as we head into afternoon trading Friday after the company maintained its full-year adjusted earni...

UK WINNERS & LOSERS: Pearson, William Hill Lead Blue-Chip Gainers
25 Apr 2014

UK WINNERS & LOSERS: Pearson, William Hill Lead Blue-Chip Gainers

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Friday.-------FTSE 100 - WINNER...

TOP NEWS: UK Government Blocks RBS On Bonus Payout Ratio
25 Apr 2014

TOP NEWS: UK Government Blocks RBS On Bonus Payout Ratio

LONDON (Alliance News) - The following is a summary of top news stories Friday.----------COMPANIES----------The Royal Bank of Scotland Group PLC warne...

Cable & Wireless sells Monaco stake for 445m dollars
25 Apr 2014

Cable & Wireless sells Monaco stake for 445m dollars

Telecoms group Cable & Wireless Communications has sold its stake in Monaco Telecom to French entrepreneur Xavier Neil for 445m dollars. The British ...

Cable & Wireless sells Monaco Telecom stake to Xavier Niel
25 Apr 2014

Cable & Wireless sells Monaco Telecom stake to Xavier Niel

LONDON, April 25 (Reuters) - Cable & Wireless Communications has sold its stake in Monaco Telecom to French entrepreneur Xavier Niel, chief executive...

UK MORNING BRIEFING: William Hill Leads Weak FTSE 100
25 Apr 2014

UK MORNING BRIEFING: William Hill Leads Weak FTSE 100

LONDON (Alliance News) - UK shares have opened lower Friday on heightened concerns about the standoff in Ukraine.William Hill said it will close 109 g...

Cable & Wireless Sells Monaco Telecom In EUR322 Million Deal
25 Apr 2014

Cable & Wireless Sells Monaco Telecom In EUR322 Million Deal

LONDON (Alliance News) - Cable & Wireless Communications PLC said Friday it has agreed to sell Compagnie Monégasque de Communication, the holding comp...

UK BROKER RATINGS: Five Brokers Cut HSBC Price Target
25 Feb 2014

UK BROKER RATINGS: Five Brokers Cut HSBC Price Target

LONDON (Alliance News) - The following UK shares received analyst recommendations Tuesday morning:----------FTSE 100----------UBS CUTS HSBC PRICE TARG...