FT news item8 Aug 2010 15:36
By John Lee
Published: August 6 2010 18:50 | Last updated: August 6 2010 18:50CWC is in the early stages of its life as a separate, but long-established, business providing a range of telecommunication and related services to approximately 12m customers in the Caribbean, Macau, Monaco and Panama. May’s annual results were summarised as: “Good set of results in a challenging market . . . four strong businesses with good organic and inorganic prospects . . . improvement in economic fundamentals – executing clear strategy for value this year and into the future . . . platform for growth . . . cash-generation and delivering shareholder value”.
I liked Tony Rice’s story, his enthusiasm and commitment, plus the near 9 per cent yield. So I bought more.