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Cable & Wireless Communications buys Panama's Sonitel for $36m

Tue, 26th Aug 2014 10:07

Cable & Wireless Communications (CWC) said on Tuesday it acquired Panama-based Grupo Sonitel through its subsidiary Cable & Wireless Panama.The British telecoms company will pay $36m and an extra $5m to acquire the IT provider, which employs more than 350 people. Chief executive Phil Bentley said the deal would pave the way to expand CWC's business in El Salvador, Peru, Nicaragua and Caribbean markets."Adding more than 350 IT software and telecoms service engineers to our team will considerably boost our capabilities in this field," Bentley said.Grupo Sonitel president Julio Spiegel R. said: "With our customers and team in mind, joining CWC was the best choice to secure the future of Grupo Sonitel."The transaction represents a significant commitment to the Panama market, to our business and government customers, and to our people."CWC shares were down 1.5% to 49.25p on Tuesday at 10:04.JF
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5 Nov 2015 10:37

Cable & Wireless swings to first half loss

(ShareCast News) - Cable & Wireless swung to a pre-tax loss in the first half on the back of costs related to its acquisition of Columbus Communications. For the six months ended 30 September, the telecommunications company posted a pre-tax loss of $1m (£650,000), compared with a profit of $132m in

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5 Nov 2015 08:30

Cable & Wireless Communications Posts Small Loss On Higher Costs

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29 Oct 2015 16:23

Earnings, Trading Statements Calendar - Week Ahead

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23 Oct 2015 11:23

LONDON MARKET MIDDAY: Chinese Interest Rate Cut Adds To Gains

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23 Oct 2015 09:25

WINNERS & LOSERS SUMMARY: Data Breach Slams TalkTalk Shares

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23 Oct 2015 07:46

BUZZ-Cable & Wireless: continues rally after confirming Liberty Global approach

** Cable & Wireless rises a further 9.3 pct, adding to a 20.7 pct gain into the close on Thursday after it confirmed talks with Liberty Global regarding a possible takeover ** Liberty, led by "King of Cable" John Malone, already owns a 13 pct stake, as well as a 9.9 pct stake in ITV *

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23 Oct 2015 07:31

LONDON MARKET OPEN: Cable & Wireless Rises On Liberty Global Talks

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23 Oct 2015 07:23

LONDON BRIEFING: Draghi Boost Continues Into Friday

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22 Oct 2015 16:55

Liberty Global may be set to scoop up Cable&Wireless

(ShareCast News) - Liberty Global may snap up Cable&Wireless before early November in a bid to increase its reach in the Carribean and elsewhere, The Wall Street Journal reported citing people familiar with the matter. The transaction, whose value may reach over $5bn, could be announced before they

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22 Oct 2015 16:55

Liberty Global may be set to scoop up Cable&Wireless

(ShareCast News) - Liberty Global may snap up Cable&Wireless before early November in a bid to increase its reach in the Carribean and elsewhere, The Wall Street Journal reported citing people familiar with the matter. The transaction, whose value may reach over $5bn, could be announced before they

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22 Oct 2015 16:23

UPDATE 1-Cable & Wireless says in talks with Liberty Global

(Adds details, share price) Oct 22 (Reuters) - Cable & Wireless Communications Plc said it was in talks that could result in a takeover offer from Liberty Global Plc, the cable company backed by billionaire John Malone. A deal would give Liberty a foothold in the Caribbean and Latin

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22 Oct 2015 16:16

UPDATE: Cable & Wireless Confirms Takeover Talks With Liberty Global

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22 Oct 2015 16:08

LONDON MARKET CLOSE: ECB's Draghi Gives Markets What They Want To Hear

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22 Oct 2015 15:47

Cable & Wireless Confirms Possible Offer Talks With Liberty Global

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8 Oct 2015 17:33

Thursday broker round-up

(ShareCast News) - Tullow Oil: JP Morgan Cazenove upgrades to overweight, cuts target price to 310.00p. Soco International: UBS downgrades to sell, keeps target price at 150.00p. Synthomer: Berenberg Bank starts new coverage with a buy, sets target price at 400.00p. Weir Group: Investec Securities

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