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Cable & Wireless posts rise in third quarter earnings

Thu, 11th Feb 2016 12:10

(ShareCast News) - Telecoms provider Cable & Wireless reported a rise in third quarter earnings and revenue, underpinned by cost synergies.Third quarter earnings before interest, taxes, depreciation and amortisation rose 16% to $238m and year-to-date EBITDA was up 8% to $665m.Third quarter revenue was up 3% on a like-for-like basis at $595m, while year-to-date revenue was also 3% higher, at $1.77bn.The company's smartphone take-up increased nine percentage points to 50%, driving mobile data revenue up 18% from the previous year.In fixed networks, an additional 20,000 homes were passed with high-speed connectivity, driving 5% and 7% growth in broadband and video, respectively.C&W said its shift to focus the B2B division away from one-off IT and government projects towards building ongoing relationships with its customers resulted in monthly recurring revenue growth of 4% across its markets since the start of the year.Chief executive Phil Bentley said: "Overall group year to date like-for-like revenue growth of 3% is solid. We continue to transform our business to become the region's leading quad-play operator, and I am confident that revenue growth will increase, as we build the platform for sustainable, profitable growth in the coming years."The company said integration plans were on track to deliver the synergy target of $125m by the end of 2017/18.C&W said completion of its £3.6bn takeover by Liberty Global is expected in the second quarter of calendar 2016, with regulatory processes ongoing.At 1237 GMT, shares were down 2.1% to 62.25p.

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5 Nov 2015 10:37

Cable & Wireless swings to first half loss

(ShareCast News) - Cable & Wireless swung to a pre-tax loss in the first half on the back of costs related to its acquisition of Columbus Communications. For the six months ended 30 September, the telecommunications company posted a pre-tax loss of $1m (£650,000), compared with a profit of $132m in

5 Nov 2015 08:30

Cable & Wireless Communications Posts Small Loss On Higher Costs

29 Oct 2015 16:23

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23 Oct 2015 09:25

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23 Oct 2015 07:46

BUZZ-Cable & Wireless: continues rally after confirming Liberty Global approach

** Cable & Wireless rises a further 9.3 pct, adding to a 20.7 pct gain into the close on Thursday after it confirmed talks with Liberty Global regarding a possible takeover ** Liberty, led by "King of Cable" John Malone, already owns a 13 pct stake, as well as a 9.9 pct stake in ITV *

23 Oct 2015 07:31

LONDON MARKET OPEN: Cable & Wireless Rises On Liberty Global Talks

23 Oct 2015 07:23

LONDON BRIEFING: Draghi Boost Continues Into Friday

22 Oct 2015 16:55

Liberty Global may be set to scoop up Cable&Wireless

(ShareCast News) - Liberty Global may snap up Cable&Wireless before early November in a bid to increase its reach in the Carribean and elsewhere, The Wall Street Journal reported citing people familiar with the matter. The transaction, whose value may reach over $5bn, could be announced before they

22 Oct 2015 16:55

Liberty Global may be set to scoop up Cable&Wireless

22 Oct 2015 16:23

UPDATE 1-Cable & Wireless says in talks with Liberty Global

(Adds details, share price) Oct 22 (Reuters) - Cable & Wireless Communications Plc said it was in talks that could result in a takeover offer from Liberty Global Plc, the cable company backed by billionaire John Malone. A deal would give Liberty a foothold in the Caribbean and Latin

22 Oct 2015 16:16

UPDATE: Cable & Wireless Confirms Takeover Talks With Liberty Global

22 Oct 2015 16:08

LONDON MARKET CLOSE: ECB's Draghi Gives Markets What They Want To Hear

22 Oct 2015 15:47

Cable & Wireless Confirms Possible Offer Talks With Liberty Global

8 Oct 2015 17:33

Thursday broker round-up

(ShareCast News) - Tullow Oil: JP Morgan Cazenove upgrades to overweight, cuts target price to 310.00p. Soco International: UBS downgrades to sell, keeps target price at 150.00p. Synthomer: Berenberg Bank starts new coverage with a buy, sets target price at 400.00p. Weir Group: Investec Securities

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