Cable and Wireless to invest more in Caribbean operations
NASSAU, Bahamas, CMC - Cable & Wireless Communications (CWC) says it has agreed the sale of its Macau business, (CTM), for US$750 million, strengthening its ability to invest in the Central American and Caribbean region. Brand & Communications Director, Cable & Wireless Communications, Lachlan Johnston, said that since 2010, CWC's stated strategy has been to reshape its global portfolio business to focus on the pan-America region. “The result of the sales of our Macau and Monaco Islands business, announced in December , is that CWC will build up a strong financial position, and today announced we intend to invest in its existing businesses in this region, including Bahamas Telecommunications Company (BTC) and to consider new acquisitions.
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