C&W's Mobile Play

4:02 PM -- Cable and Wireless plc (NYSE: CWP) had a busy Tuesday, kicking off with an investor presentation where it forecast revenue growth and much better earnings for its core Europe, Asia, and U.S. business. (See C&W Sets Growth Targets.)

The projections weren't enough, though, to stop its share price from dipping by 11.5 percent to 157 pence on the London Stock Exchange . That drop, though, was likely caused by the lack of a "demerger" announcement: Some analysts expect C&W to split itself into two separate companies. (See C&W Raises Outlook, Dumps Exec.)

The operator also announced its very own U.K. GSM service, using the low-band, indoor 2G spectrum it was awarded in April 2006. (See Ofcom Names Winners.)

C&W has taken delivery of GSM picocells and associated wireless core technology from Ericsson AB (Nasdaq: ERIC) to provide its "hot spots" of in-building GSM coverage, and has struck a wide area mobile roaming services deal with Orange UK for uninterrupted nationwide coverage for its enterprise customers.

C&W believes the corporate mobile services market in the U.K. is worth £500 million ($993 million) a year.

— Ray Le Maistre, International News Editor, Light Reading

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