Cable and Wireless earnings beat expectations as cost cuts planned

Cable & Wireless Communications (CWC) reported earnings slightly ahead of expectations and has identified major ongoing cost-cutting measures.

Cable & Wireless Communications (CWC) reported earnings slightly ahead of expectations and has identified major ongoing cost-cutting measures.

The consumer telecoms group, which is now focused on the pan-America region after two disposals during the period, saw revenues fall 3.0% from continuing operations to $1.9bn but earnings before interest, tax, depreciation and amortisation (EBITDA) rose 1.0% to $589m.

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