Cable and Wireless’s 4% revenue hike first since 2010 demerger

LONDON: London-listed Cable & Wireless posted a 4 per cent rise in revenue, its first top line growth since it demerged from the former Cable & Wireless in 2010, reflecting early results from a $1 billion upgrade of its networks.

In the last set of numbers before it completed the acquisition of Columbus International on March 31, the group which has operations in the Caribbean and Central America reported full-year earnings of $585 million, up 7 percent, on revenue of $1.75 billion, both broadly in line with expectations.