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General

CWC positive on Q1 results, grows mobile base

Thursday 25 July 2013 | 10:46 CET | News
Cable & Wireless Communications said it was on track to meet its full-year outlook, supported by growth in mobile data services and cost reduction efforts. In a trading update on its fiscal first quarter to June, the operator reported a net increase of 45,000 mobile subscribers in Panama to a total 1.897 million, while the Caribbean mobile base rose by 34,000 to 1.549 million. Fixed broadband customers increased slightly in both areas compared to March, while the fixed voice bases were stable. Net debt was reduced sharply to USD 268 million, after receiving the proceeds from its sale of Macau

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Categories: General
Companies: Cable & Wireless Communications
Countries: Caribbean / Panama
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