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Cable & Wireless Worldwide interim results 2010/11: not much excitement - Venture Insights

Report Overview

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Cable & Wireless Worldwide interim results 2010/11: not much excitement

PublisherEnders Analysis.
Publish Date November 18, 2010
Sector Fixed Line (Internet and Voice).
Company Cable & Wireless.

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C&W Worldwide’s performance over the six months to September was strong in terms of cash flow growth, although this was partly due to lower bad debt cost.

Revenue decline is easing, but weakness in the mid-market business and reduced public sector spending are weighing on EBITDA.

Looking ahead, this should improve somewhat, as the retail mid-market business recovers, but we expect growth in the core business to remain unexciting.