Cable & Wireless demerger
26 March 2010
Cable & Wireless plc today anounces that the company is now demerged into two separate listed companies.
- Cable & Wireless Worldwide
- Cable & Wireless Communications
Cable & Wireless Communications (CWC) is the full service telecommunications company operating through four regional units - Caribbean, Panama, Macau and Monaco & Islands. This includes Cable & Wireless Pacific region business interests and CWC is the entity which now owns FINTEL equity.
New Logo Original Logo
The new Cable & Wireless Communications identity has been launched today along with a new corporate web site, www.cwc.com. The new brand is an evolution of the iconic Cable & Wireless ‘blue globe’ logo, which has been in existence as the Group identity since 1986. The new logo retains the heritage of the Cable & Wireless ‘globe’, but adds a three-dimensional aspect to its shape. The globe now comprises a series of lines, representing the company’s telecom cables. The lines stretch around the globe to form the shape of an ampersand (“&”) – another recognised part of the existing Cable & Wireless identity.
The new brand retains the qualities of reliability and reassurance while updating the design to bring it in to line with Cable & Wireless Communications’ independent future.
Tony Rice, Cable & Wireless Communications Chief Executive Officer said the demerger presented an opportunity to further develop the business:
“The demerger of Cable & Wireless has in effect returned our business to its shape prior to its entry into the UK market in the 1980’s. It will bring an increased focus to our business as we seek to realise the excellent growth opportunities that exist in our markets. We have a first-class management team in place to take the business forward. In this vein, our new brand identity captures the value of our heritage, while moving us to a more modern brand reflecting our independent future. I’m really excited about our future prospects.”
Cable & Wireless Worldwide will focus on being the global provider of critical communications infrastructure, particularly high quality IP-based managed voice, data, applications and IP-based services, to customers globally, with a focus on large corporates, governments, carriers and telecommunications resellers
The Cable and Wireless plc Board believes that the separation will deliver further value for shareholders by:
* Allowing Cable & Wireless Communications and Cable & Wireless Worldwide to pursue their strategies independently with greater flexibility
over management of resources and opportunities;
* Creating two separately listed companies with distinct investment profiles and clear market valuations;
* Sharpening management focus still further, helping the two businesses maximise their performance; and
* Providing a transparent capital structure and an efficient balance sheet for each business.
Ends.
Cable & Wireless plc today anounces that the company is now demerged into two separate listed companies.
- Cable & Wireless Worldwide
- Cable & Wireless Communications
Cable & Wireless Communications (CWC) is the full service telecommunications company operating through four regional units - Caribbean, Panama, Macau and Monaco & Islands. This includes Cable & Wireless Pacific region business interests and CWC is the entity which now owns FINTEL equity.
New Logo Original Logo
The new Cable & Wireless Communications identity has been launched today along with a new corporate web site, www.cwc.com. The new brand is an evolution of the iconic Cable & Wireless ‘blue globe’ logo, which has been in existence as the Group identity since 1986. The new logo retains the heritage of the Cable & Wireless ‘globe’, but adds a three-dimensional aspect to its shape. The globe now comprises a series of lines, representing the company’s telecom cables. The lines stretch around the globe to form the shape of an ampersand (“&”) – another recognised part of the existing Cable & Wireless identity.
The new brand retains the qualities of reliability and reassurance while updating the design to bring it in to line with Cable & Wireless Communications’ independent future.
Tony Rice, Cable & Wireless Communications Chief Executive Officer said the demerger presented an opportunity to further develop the business:
“The demerger of Cable & Wireless has in effect returned our business to its shape prior to its entry into the UK market in the 1980’s. It will bring an increased focus to our business as we seek to realise the excellent growth opportunities that exist in our markets. We have a first-class management team in place to take the business forward. In this vein, our new brand identity captures the value of our heritage, while moving us to a more modern brand reflecting our independent future. I’m really excited about our future prospects.”
Cable & Wireless Worldwide will focus on being the global provider of critical communications infrastructure, particularly high quality IP-based managed voice, data, applications and IP-based services, to customers globally, with a focus on large corporates, governments, carriers and telecommunications resellers
The Cable and Wireless plc Board believes that the separation will deliver further value for shareholders by:
* Allowing Cable & Wireless Communications and Cable & Wireless Worldwide to pursue their strategies independently with greater flexibility
over management of resources and opportunities;
* Creating two separately listed companies with distinct investment profiles and clear market valuations;
* Sharpening management focus still further, helping the two businesses maximise their performance; and
* Providing a transparent capital structure and an efficient balance sheet for each business.
Ends.