UK-based telecommunications operator Cable & Wireless (C&W) reports GPB 118 million more revenues for its financial year ending 31 March 2007 to reach GBP 3.35 billion. The increase principally reflects the full year impact of the revenue from customers acquired as part of the Energis transaction on 11 November 2005. This has more than offset the impact of the anticipated churn and erosion Europe, Asia & US encountered in subsequently restructuring the business to focus on larger, more profitable customers. The EBITDA for 2006/7 increased by 20 percent (26% at constant currency) to GBP 492 million, compared with 2005/6 and the net profit decreased from GBP 170 million in 2005/6 to GBP 152 million in 2006/7. C&W proposes a full year dividend of GBP 5.85 per share, which represents an increase of 30 percent over the 2005/06 full year dividend. C&W’s International business saw its mobile customer base increase by 44 percent to more than five million on 31 March with the C&W subsidiaries being responsible for 2.6 million mobile customers, 49 percent more than on 31 March 2006. The number of broadband customers increased by 39 percent to over 400,000 customers in 2006/07 and the subsidiaries saw their broadbandbase grow 37 percent to 378,000 customers. This was primarily driven by strong growth across the Caribbean. The number of fixed line customers remained steady over the 12 month period to 31 March 2007 at approximately 1.9 million customers. C&W Europe, Asia, and US saw that its programme to reduce the number of customers is progressing well and reports less than 10,000 customers. The operator expects to reduce the overall number of customers to about 3,000, comprisinglarge corporates, carriers, resellers and public institutions.
Wireless Federation » C&W reports revenues of GBP 3.35 bln, 5 mln mobile users
C&W reports revenues of GBP 3.35 bln, 5 mln mobile users
- May 24th, 2007
- 10:37 am
