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Cable & Wireless first-quarter revenue rises 4%

2015-07-21 09:22:19| IT Services - Topix.net

Cable & Wireless Communications PLC , a telecoms company serving Caribbean and Central American markets, Tuesday said first-quarter revenue rose 4% to $583 million, helped by revenue from recently-acquired Columbus International Inc. The company had net debt of $2.61 billion on June 30, up by $239 million since March 31, "primarily due to costs associated with the acquisition of Columbus and a scheduled pension top-up payment of GBP31 million." Revenue from the company's Cable & Wireless Communications arm rose 4%, including a 12% increase at Columbus.

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