Revenues fall 5% at Cable and Wireless | Home | Connecting The People Of Puerto Rico
January 31, 2004
Global rivals take toll of revenues at Cable & Wireless
By Dan Sabbagh, TIMES ONLINE
INTENSE competition has hit Cable & Wireless revenues, which slid 2 per cent during the last quarter.
The shares dropped 3 per cent as the decline, reported in a trading statement, was worse than had been predicted. Turnover between October and December was £854 million, about £10 million below City expectations.
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