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Panama helps Cable and Wireless Communications post 'satisfactory' first quarter

Monday, July 25, 2011

\ Cable and Wireless Communications said demand in Panama was in part offsetting poor trading in the Caribbean, where it lost mobile subscribers in Jamaica, resulting in a 'satisfactory' quarter.\ \ The company, which demerged from the former Cable & Wireless in March 2010, said its mobile services in Panama had continued to perform well, and it had also benefitted from stronger enterprise demand in the country. Shares in Cable & Wireless Communications, have lost more than a third of their value since a demerger. \ \ Original source: Reuters\ \ \ \