Cable & Wireless Communications Plc (CWC.L) provided an update on the performance and financial position of the Group since the year ended March 31, 2012.
The company said it continued to see growth in mobile data revenues, notably in Macau and Panama. Voice revenue continues to decline across the Group and Cable & Wireless noted that it is working hard on costs to mitigate this especially in the Caribbean and Panama where, as anticipated, market conditions remain tough.
Termination rates in Jamaica have now been reduced and equalised which is an important step in creating a level regulatory playing field in mobile for all market players and the company has seen an early pick-up in customer numbers resulting from promotional activity.
Cable & Wireless noted that overall, Group trading performance remains in line with the outlook indicated at 2011/12 results.
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by RTT Staff Writer
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