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<span style="font-weight: bold">News Source: OTGNR - </span>
<span style="font-weight: bold"> Confirmed : Cable and Wireless s...ibbean (BBC)...</span>
Cable and Wireless Communications reports that trading conditions in its Caribbean operations continue to be tough.The company said in a performance update that tourist spending and consumer and business disposable income remain significantly below historic levels in the region."The company is reining in expectations regarding the Caribbean operations," a statement said."We would anticipate second-half (earnings before taxes and interest) estimates to fall by around 3% on the back of lower Caribbean estimates and some charges the company is highlighting regarding hurricane disruption."Cable and Wireless also confirmed it had concluded buying a majority stake in the previously state-run Bahamas telecoms.
<span style="font-weight: bold"> Confirmed : Cable and Wireless s...ibbean (BBC)...</span>
Cable and Wireless Communications reports that trading conditions in its Caribbean operations continue to be tough.The company said in a performance update that tourist spending and consumer and business disposable income remain significantly below historic levels in the region."The company is reining in expectations regarding the Caribbean operations," a statement said."We would anticipate second-half (earnings before taxes and interest) estimates to fall by around 3% on the back of lower Caribbean estimates and some charges the company is highlighting regarding hurricane disruption."Cable and Wireless also confirmed it had concluded buying a majority stake in the previously state-run Bahamas telecoms.