C&W sets new five-year growth targets

4 Mar 2008

British telecoms group Cable & Wireless (C&W) has set aggressive new growth targets for its Europe, Asia and US (EAU) business. The firm is targeting EAU revenue growth of between 5%-8% per year for the next five years and core earnings growth at between 20%-25%. C&W split itself into two separate units – International and EAU – last year and unveiled plans to restructure its UK business – now part of EAU – which had struggled due to overcapacity and falling prices. ‘Today we’ve set out our plans for the next five years,’ said John Pluthero, Executive Chairman of EAU. ‘They’re ambitious and stretching and I’ve every confidence that we can achieve them.’ The International business unit is responsible for telecoms companies in 33 countries offering mobile, broadband, domestic and international fixed line services to residential and business customers, with principal operations in the Caribbean, Panama, Macau, Monaco and the Channel Islands.

United Kingdom, Cable & Wireless (UK)