British telecommunications company Cable & Wireless plc (C&W) set out the final terms of its demerger on Tuesday, including a US$500 million bond offer.
C&W said it plans to split into two separate companies by March 26, as it provided its final trading update as a sole company.
Listings for the two companies, Cable & Wireless Communications and Cable and Wireless Worldwide, will be sought on the London Stock Exchange, on March 22 and March 26, respectively.
C&W confirmed guidance for the current fiscal year, fore-casting earnings before interest, tax, depreciation and amortisation of between US$880 million and US$900 million for its Communications business. More
Telecoms provider Cable and Wireless plc (C&W plc) said that its international operations, which includes Jamaica, will not be sold amidst yesterday’s announcement that the group will separate into two companies in order to increase shareholder value.
Despite being relatively small by global standards, telecommunications has become one of the Caribbean’s major growth industries. In particular, the region’s mobile sector has been witnessing significant expansion in recent years. To date this growth has largely been harnessed by Jamaican-based mobile provider Digicel. This company is predicted to continue to dominate the robust mobile sector growth during 2009/10. 
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