C&W Does the Splits

9:40 AM -- Cable and Wireless plc, or C&W as it was known, is no more. It has split (or "demerged" as the carrier puts it) into two separate companies, as planned. (See C&W Updates on Demerger, Operations and C&W to Split, Reports H1.)

However, both new entities still carry the former carrier's name, so here's a quick guide to the two new companies and what they do.

C&W Worldwide
Trading at 94.7 pence per share today, Cable & Wireless Worldwide plc (London: CW) targets "large corporates, multinational companies, governments, carrier customers and resellers, providing a range of high quality managed voice, data and IP-based services and applications across the U.K., Asia/Pacific, India, Middle East & Africa, Continental Europe and North America."

It operates a 500,000-kilometer global network that has a presence in 153 countries, and manages an IP-based multiservice platform for its voice and data products. It is headed by Executive Chairman John Pluthero -- or "moneybags" as he's known in some circles -- and CEO Jim Marsh.

Some investors are concerned about the image that Pluthero's remuneration package is giving the company, according to The Guardian.

C&W Communications
Trading at 58.2 pence per share today, Cable & Wireless Communications offers a range of services –- mobile, fixed voice and broadband, data center hosting, pay TV, and managed services -- to residential and enterprise customers in the Caribbean, Panama, Macau, and "Monaco & Islands" (Monaco, the Channel Islands, Isle of Man, Bermuda, some Indian Ocean territories, and South Atlantic and Diego Garcia).

The business, formerly known as C&W International, is headed by CEO Tony Rice.

— Ray Le Maistre, International Managing Editor, Light Reading

Sign In