CWC to invest in Caribbean and Central America

21 May 2014 | Kavit Majithia

Cable & Wireless Communications (CWC) has confirmed plans to increase its network investment in the Caribbean and Central America.

The company said it is aiming to return to revenue growth and improve earnings, and unveiled its new strategy after it posted a 5% increase in full-year core earnings to $608 million.

CWC is now planning to increase capital investment by $250 million over the next three years, increasing capex spend to $1.05 billion.

The company is expecting to generate moderate top-line growth, and reverse a declining revenue trend.