C&W Does the Splits
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.
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.
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