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Cable & Wireless full year results to March 2009: strong cost control - Venture Insights

Report Overview

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Cable & Wireless full year results to March 2009: strong cost control

PublisherEnders Analysis.
Publish Date May 19, 2009
Sector Fixed Line (Internet and Voice), Mobile and Wireless Technology.
Company Cable & Wireless.

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The UK and international businesses (now Worldwide’ and CWI’) are both continuing to perform well, despite weak revenue growth, thanks to strong cost control. Worldwide is now generating cash organically for the first time in memory.

Performance at the newly-acquired Thus has been slightly below expectations, mostly due to increased customer churn. The sale of the mid-market’ part of the business is a possibility.

The market was disappointed by guidance for the new financial year. In our view it is both acceptable and achievable.