Cable & Wireless Communications steps up network investment

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Cable & Wireless Communications steps up network investment

Cable & Wireless Communications said on Wednesday it would step up investment in its networks in the Caribbean and Central America in a bid to return to revenue growth and improve earnings.

The fixed and mobile operator unveiled its new strategy after posting a better-than-expected five percent increase in full-year core earnings to $608 million on like-for-like revenue of $1.87 billion, down one percent.

The British company said it would increase capital investments by $250 million over the next three years, taking total capex spending to $1.05 billion.

Read more http://www.reuters.com/article/2014/05/21/cable-wirlss-idUSL6N0O71QJ20140521.

 

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