Copying and distributing are prohibited without permission of the publisher
C&W unit plans asset sales, takeovers
26 March 2010
The rebranded Cable & Wireless Communications — split off from Cable & Wireless this morning — is looking at asset sales and aquisitions
Read more:
Cable & Wireless
CWC
CWW
Lime
Jamaica
Caribbean
Panama
Cable & Wireless Communications is considering asset sales and acquisitions to maximise cash generation and shareholder returns, according to reports. The company, which was spun off today from its Cable and Wireless parent and is now a separate and independent entity, will consider selling its minority stakes in overseas telecoms companies that provide it with little or no dividend income.
Cable & Wireless Communications — which has also adopted a new brand identity to mark its independence — will also look at developing regional hubs of operations in the Caribbean and Central America. It is planning to take part in an auction of a mobile licence in Costa Rica, as it already has operations in Panama. It is also mulling over linking Cuba’s telecoms infrastructure into the company’s global network.
Cable & Wireless split on March 26 into Cable & Wireless Communications and Cable & Wireless Worldwide, which focuses on wholesale and corporate business.
CWC holds telecoms assets in 38 countries. The most important markets by revenue are Panama, Macau, Jamaica, the Maldives and Monaco. GTB
See Global Telecoms Business’s latest interviews with leading executives of the split Cable & Wireless:
Phil Male, chief strategy officer of CWW
David Shaw, CEO of CWC's Caribbean division, Lime