Telecomms firm Cable & Wireless Worldwide will expand its data hosting capacity by 25% through a 15-year agreement with specialist data centre operator, Infinity.
The firm believes the multi-million pound investment reinforces C&W's commitment to hosting services and illustrates its willingness to support core capabilities.
The new facility, which is based at a secure site in the South East of England, will become available from late 2012.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Chief Executive Officer Gavin Darby said: "Data hosting is one of our critical areas of focus for the near future and will be a vital part of our return to growth.
"This announcement highlights the details of the plans we outlined in November last year. I believe that we are shaping our business to better serve our customers and secure our position in this growing market."
The share price fell 9.16% to 21.71p, although this could be seen pull-back from the mystery 30% rise on Monday.
NR
-
Six out of 10 retirees who accessed a pension didn’t use Pension Wise - how does the guidance service work?Many pension savers don’t bother using the free government-backed service Pension Wise. So, how does it work, and could it be useful for you?
-
UK-EU trade deal: Britain to get a £9bn boost to the economy by 2040The government’s agreement with the EU follows on from separate deals with India and the United States. Will it breathe life into the UK economy?
