S.Atlantic : CABLE & WIRELESS RESPONDS TO PRESS SPECULATION
Submitted by SARTMA.com (Juanita Brock) 20.10.2012 (Article Archived on 03.11.2012)

Cable & Wireless Communications Plc has responded to press speculation by confirming that it is in discussions with CITIC Telecom International Holdings Limited ("CITIC") regarding a potential sale of its 51% shareholding in Companhia de Telecomunicações de Macau S.A.R.L. ("CTM") in Macau. CITIC is a 20% shareholder in CTM.

CABLE & WIRELESS RESPONDS TO PRESS SPECULATION

By J. Brock (FINN)

Cable & Wireless Communications Plc has responded to press speculation by confirming that it is in discussions with CITIC Telecom International Holdings Limited ("CITIC") regarding a potential sale of its 51% shareholding in Companhia de Telecomunicações de Macau S.A.R.L. ("CTM") in Macau. CITIC is a 20% shareholder in CTM.

In addition the Company says that at this point there can be no certainty that the discussions will lead to a transaction.   Previously it had been reported that the business units in the South Atlantic Islands were also being discussed.

Cable & Wireless Communications is a global full-service communications business; and operates leading communications businesses through four regional units - the Caribbean, Panama, Macau and Monaco & Islands. Our services include mobile, broadband and domestic and international fixed line services in most of our markets as well as pay TV, data centre and hosting, carrier and managed service /social telecom (telecom enabled public services) solutions. Our operations are focused on providing our customers - consumers, businesses, governments - with world-class service. Serving the communities where we operate is at the heart of our approach, and Cable & Wireless say that the Company is committed to behaving in an ethical and socially responsible manner.

For more information visit www.cwc.com.