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Completion of the disposal of Bermuda business

10th Mar 2011 17:26

RNS Number : 7533C
Cable & Wireless Communications PLC
10 March 2011
 



AnnouNcement

10 March 2011

 

CABLE & WIRELESS COMMUNICATIONS

COMPLETION OF THE DISPOSAL OF BERMUDA BUSINESS

 

 

Further to Cable & Wireless Communications Plc's ("CWC") announcement on 23 February 2011 in respect of the disposal of Cable & Wireless Bermuda, the Company now confirms that all of the requisite approvals for the transaction have been received.

 

Consequently, CWC is pleased to announce that it has today completed the disposal of Cable & Wireless Bermuda, its operating business in Bermuda, to The Bragg Group for total cash consideration of US$70 million.

 

ENDS

 

****

 

About Cable & Wireless Communications

 

Cable & Wireless Communications is a global full-service communications business. We operate leading communications businesses through four regional units - the Caribbean, Panama, Macau and Monaco & Islands. Our services include mobile, broadband and domestic and international fixed line services in most of our markets as well as pay-TV, data centre and hosting, carrier and managed service solutions. Our operations are focused on providing our customers - consumers, businesses, governments - with world-class service. We are the market leader in most products we offer and territories we serve. For further information visit www.cwc.com.

 

 

Contacts

 

Cable & Wireless Communications

Investors

 

Sheldon Bruha

+44(0) 20 7315 4178

Kunal Patel

+44(0) 20 7315 4083

Media

Lachlan Johnston

+44(0) 20 7315 4006 / +44 (0) 7800 021 405

Steve Smith

+44(0) 20 7315 4070

Maitland

Neil Bennett / Anthony Silverman

+44(0) 20 7379 5151

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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