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Trading statements

CWC inb line with outlook

10 February 2015 12:13

Cable & Wireless Communications (CWC) has reported that third quarter trading performance was in line with outlook.

Group revenue was $444m., up 5% (2% on a like-for-like1 basis).

Mobile revenue increased 4% driven by strong subscriber growth across Panama and LIME markets Phil Bentley, chief executive of CWC, commented: "In the third quarter we have continued to build momentum through our investment-led Project Marlin and we are continuing to deliver top line growth.

"Investments in our mobile networks have improved coverage and reliability and we saw mobile data grow a further 23% with traffic carried on our networks increasing by over 35%.

"Fibre investments have focussed on our Caribbean markets and are key to generating growth in the broadband & TV segments. We are pleased with the Sonitel acquisition where recent successful bids would indicate momentum in managed services.

"We continue to work with Governments and regulators to gain the required approvals for completion of the Columbus acquisition and are on track to close before our fiscal year end."

At 12:13pm: (LON:CWC) Cable Wireless Communications Plc share price was +0.65p at 55.25p

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