Cable & Wireless Worldwide, corporate division of Cable & Wireless, has announced that its ordinary shares will be admitted to the Official List and will start trading on the main market of the London Stock Exchange, under the ticker CW, from 08.00 hours on 26 March. Cable & Wireless CEO Jim Marsh said this was an important milestone in the transformation of the company and that it remained committed to further developing the business and creating significant additional value for shareholders. Meanwhile, Tony Rice, CEO of C&W Communications, Cable & Wireless's international business which is demerging from C&W Worldwide on 26 March, told the Financial Times (FT) that it would consider selling assets, as well as making acquisitions, as it looks to maximise shareholder returns and cash generation. Rice said that C&W Communications would look to sell its minority holdings in overseas telecoms companies if there was no way it could gain control of these company. It has telecoms assets in 38 countries, with Panama, Macau, Jamaica, the Maldives and Monaco the most important by revenue. Rice said it would look to develop regional operational hubs in Central America and the Caribbean. It is also considering participating in mobile licence auction in Costa Rica to complement its existing operations in Panama. Rice added that C&W Communications was also looking to connect Cuba's telecoms infrastructure with its global network.
