españolCable & Wireless Panama: Sales of $667 millionMonday, May 25, 2009 Sales increased by 8% during last fiscal period, when compared to the $617 million sold during the previous period. Even with the entry of two newcomers, Claro and Digicel, into the Panamanian telecommunications market, Cable & Wireless managed to record an 8% increase in sales last fiscal period, which ended on March 31. C&W Purchases Panamanian Cable Company for $1 MillionMonday, June 14, 2010 Cable & Wireless Panama acquired the company Cable Hogar, which served the province of Coclé. The purchase of Cable Hogar comes shortly after another acquisition by C&W: Cable Unión, which provided cable services in Tocumen, Cerro Viento and Las Mañanitas. Panama: Cable&Wireless changes imageThursday, February 5, 2009 Cable&Wireless has presented its new image as part of its new marketing policy. LA ESTRELLA.com.pa published on its website that "now the satellite and the print on the logo are more friendly to the eye," said a company spokesperson. Panama: Sale of C & W Shares HaltedWednesday, June 20, 2012 President Martinelli suspended special sessions at the National Assembly, in which there were controversial discussions, among them the sale of the State's shares in Cable & Wireless. The special meetings were held initially to discuss the proposed creation of a Savings Fund of Panama, the Guardian Angel program and modifications to the Penal Code. Cable & Wireless Buys 51% of BTC BahamasMonday, December 6, 2010 C & W announced the signing of a memorandum of understanding to acquire 51% of Bahamas Telecommunications Company (BTC). C & W and the Government of the Commonwealth of the Bahamas worked together to complete the statutory audit, contract terms and obtain the necessary permits and other regulatory approvals in order to complete the transaction by the first quarter of 2011. 5% of Cable & Wireless SharesWednesday, June 6, 2012 The company is aiming to become the majority shareholder of the phone corporation by buying 5% of the shares being sold by the Panamanian government. The partners of Cable & Wireless (C & W) are on the lookout for a possible sale of the government's shares in the company (49%), in order to acquire 5% more and thus become controlling shareholders with 54% of the company. Cable & Wireless Seek Entrance to Costa RicaWednesday, June 17, 2009 The telecommunications transnational is interested in operating in Costa Rica and it could invest $400 million in infrastructure. According to Pa-digital.com.pa, Jorge Nicolau, president and manager of Cable & Wireless Panama, indicated that "the guarantee, the efficiency, and the experience of its platform in Panama and in other countries place them as one of the main candidates to reach the more than 4.5 million Costa Ricans." Panama: Cable & Wireless to Offer Digital TVTuesday, September 29, 2009 Before the end of the year, the company will offer its clients high definition digital television at competitive prices. This way, the company is expanding its products portfolio, which also includes fixed and mobile telephony, as well as internet. Cable & Wireless Panama Pays DividendsWednesday, October 17, 2012 Dividends for the first trimesters of fiscal year 2012 totaled $16.6 million to be divided up with 49% going to the State, 49% to Cable & Wireless Holdings Limited CALA, and 2% to the company’s workers. These dividends are for the quarter April to June 2012, and are 60% of the net income for the period, according to the dividend policy. Panamanian Banks to use mobile networksWednesday, July 30, 2008 The banking transactions normally done from the bank desk or the computer, could soon be done with a mobile phone. The software industry is developing applications to take advantage of the high level of mobile phone ownership in Latin America. Panama government mulls sale of Cable & Wireless stakeWednesday, May 7, 2008 The administration of President Martin Torrijos is weighing a possible sale of the government's 49 percent stake in Cable & Wireless Panama, Finance Minister Héctor Alexander said. Consultants have been hired to work out how much the stake is worth, but any sale would have to be approved by the National Assembly. C&W Panama notches up 21 percent increase in net profitFriday, May 23, 2008 Cable & Wireless Panama reported a US$133 million net profit for the 2007-2008 fiscal year, a 21 percent increase on the previous year. C&W's revenue in Panama came to US$617 million for the fiscal year, a 14 percent increase, according to information from the company's headquarters in London. C&W Joins Panamá PacíficoFriday, July 24, 2009 Cable & Wireless Panama formalized its participation in the Panamá Pacífico Project. The agreement was signed with London & Regional, developer of the project, which is located in the former U.S. Howard air base. Internet via satellite in Panamanian schoolsFriday, October 9, 2009 Gilat Satellite Networks will supply its SkyEdge II network to Cable&Wireless Panama to deliver broadband Internet to hundreds of schools in remote areas nationwide. Gilat did not disclose the value of the deal, but market sources estimate it at $1.2 million. Panama: 2 Companies to Serve Digital NetworkThursday, October 14, 2010 The Government will contract directly with companies Cable & Wireless and Cable Onda to deliver the services. Three companies, Cable & Wireless, Telefónica and Cable Onda had participated in the bidding process which was canceled on September 6. |
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