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Cable & Wireless Communications holds on to its market share in Panama

Wednesday, February 9, 2011

British group Cable & Wireless Communications said while there had been no major improvement in its key Caribbean market, it still expected to end its year broadly in line with forecasts.

CWC said it expected to finish its financial year broadly in line with forecasts after more solid performances in Panama and Macau offset the Caribbean.

The group said it had maintained market share above 50 percent in Panama despite competition. It has also seen good demand for its pay-TV service and the new revenue streams meant it should post a stronger second half there than the first.

Original souurce: Reuters