Cable & Wireless Communications climbs 6% after $1bn disposal
 

05-12-12 08:26 AM

Company to sell Monaco & Islands business to Bahrain group Batelco as part of strategy to refocus Cable & Wireless Communications has pleased investors with a near $1bn disposal. As had been flagged, the company has sold the bulk of its businesses in the Monaco & Islands division for an initial $680m in cash to Bahrain communications group Batelco. CWC is keeping a 75% stake in Monaco Telecom ...

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