UK-based Cable & Wireless has completed the demerger of its two business units –? Cable & Wireless Worldwide (CWW) and Cable & Wireless Communications (formerly the CWI Group).
The move is expected to result in a reduction of the company’s corporate costs by $4.47 million per year. The decision was taken in order to allow the two businesses to pursue independent strategies with greater flexibility and to enable each unit to deliver improved value to the shareholders as separately listed companies. Cable & Wireless Communications operates through four regional units in the Caribbean, Panama, Macau and Monaco islands, while CWW is a global provider of communications infrastructure with a focus on large corporate customers, governments, carriers and telecommunication resellers.
