Caribbean Investment Plans announced by C&W
Richard Dodd, the Chief Executive Officer of Cable & Wireless in the Caribbean, has recently announced that the company with principal operations in the Channel Islands, the Caribbean, Panama, Macau, and Monaco plans to invest more than USD 400 million in Caribbean telecommunications development over the next 3 years.
The announcement followed positive company results published in May 2008. The results revealed that revenues for Cable & Wireless International had increased by 6% year on year to GBP 1.2 billion.
According to Dodd, Cable & Wireless is repositioning itself for an era of competition, it “intends to be around long into the future to bring the customers the superior brand of telecommunications products and services that has helped to put the Caribbean ahead of many countries in telecommunications infrastructure”.