Cable & Wireless Communications

Vodafone CCO: consolidation ‘beneficial for industry and customer’

The cable industry thrives on scale, with consolidation beneficial for both the customer and the industry, according to Vodafone Germany’s chief commercial officer Manuel Cubero. Speaking at Cable Congress yesterday, Cubero, who has also served as CEO of Kabel Deutschland since April 2014, said that Vodafone has had “fantastic experiences with consolidation” – though he […]

Liberty Global confirms Reid as C&W CEO

Liberty Global has confirmed John Reid as CEO of its recently-acquired Caribbean unit Cable & Wireless Communications. Reid, who is currently interim CEO of the unit, was previously president of C&W’s consumer division. Prior to that, he was president and chief operating officer at Columbus Communications, which merged with C&W in 2015. Reid, who also […]

Liberty Global closes Cable & Wireless Communications acquisition

Liberty Global has completed the acquisition of Caribbean operator Cable & Wireless Communications, combining it with its existing LiLAC group to create what the company describes as the leading TV, broadband and telecoms firm in Latin America and the Caribbean. The integration of Cable & Wireless Communications means that LiLAC now serves 10 million video, […]

Liberty Global shareholders back Cable & Wireless takeover

Liberty Global’s shareholders have approved its acquisition of all outstanding and to-be issued shares of Cable & Wireless Communications (CWC). More than 99% of the voters at Liberty’s general meeting of shareholders approved the proposals, representing more than 86% of all outstanding votes. If CWC’s shareholders approve the acquisition at their general meeting next week […]

Liberty Global to put CWC share plan to the vote

Liberty Global will put its plan to issue new shares as part of its acquisition of Cable & Wireless Communications (CWC) to shareholders at the company’s general meeting of shareholders on April 20. Liberty Global agreed to buy CWC, which operates networks in the Caribbean, for £3.5 billion (€4.5 billion) in November last year. The […]

Liberty Global sees further European opportunities

There is still growth potential in Europe, according to Liberty Global CEO Mike Fries, claiming that consolidation in the European cable and telecoms markets will continue. Speaking to the Financial Times, Fries pointed to the opportunities in the competitive mobile sector in Europe, claiming that “the consumer wins when networks and infrastructure come together across […]

Liberty Global to buy Cable & Wireless for €5bn

Liberty Global has agreed to buy Cable & Wireless Communications (CWC) for £3.5 billion (€5.0 billion) in a “watershed” move to expand its presence in the Caribbean and Latin America. Liberty has agreed to buy all outstanding shares in CWC and combine it with its LiLAC operations – Liberty’s LatAm and Carribean assets that already comprise Chilian operator […]

Liberty Global in talks to take over CWC

Liberty Global has confirmed it is in talks to acquire Cable & Wireless Communications (CWC) in a deal that reportedly could be value at around US$5.5 billion (€4.9 billion). CWC provides quad-play services in the Caribbean and Panama, which could be combined with Liberty Global’s recently spun-off operations in Chile and Puerto Rico. In addition […]

Free owner Niel takes majority stake in Monaco Telecom

French telecom entrepreneur and owner of Iliad Telecom/Free Xavier Niel has acquired a controlling stake in Monaco Telecom from Cable & Wireless Communications for €322 million.  Niel used his NJJ Capital investment vehicle to take a 55% stake in the Monagesque operator, which will remain 45% owned by the Principality. Monaco Telecom has about 31,000 […]