UK-based Cable & Wireless Communications (CWC) has released its interim financial statement for the six-month period ended 30 September 2012, with the company reporting flat turnover and earnings before interest, tax, depreciation and amortisation (EBITDA). In the period under review, CWC posted a consolidated turnover of USD1.431 billion, down 1% year-on-year, with a 9% increase in mobile revenues compared to the year-ago period – boosted by a growth in mobile data services – offsetting most of the decline in fixed line turnover. Group EBITDA for the six-month period stood at USD445 million, following what CWC called ‘an improved performance in the Caribbean and continued strength in Macau’
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OVETEL Mobile revenue growth offsets fixed line declines at CWC