Divestment of interest in Solomon Telekom

15 October 2014

Cable & Wireless Communications Plc

Divests interest in Solomon Telekom

Cable & Wireless Communications announces today that it has agreed to divest its 32.577% shareholding in Solomon Telekom Company Limited ("Soltel") to the Solomon Islands National Provident Fund Board for total cash proceeds of approximately US$16.5 million.

Soltel is the full service incumbent telecom operator in the Solomon Islands, providing mobile, fixed voice and broadband services.

This divestment marks our exit from the South Pacific region having previously sold interests in Vanuatu and Fiji.

About Cable & Wireless Communications

Cable & Wireless Communications is a full-service communications business. We operate leading communications businesses offering 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 more information visit www.cwc.com.

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