Cable & Wireless Communications to halve dividend
Cable & Wireless Communications, the British telecoms group that operates in the Caribbean, Panama, Macau and Monaco & Islands, said it would halve its dividend this year because of continuing difficult trading conditions in the Caribbean.
Cable & Wireless Plc, the UK 's second-biggest fixed-line phone company, will cut more costs to safeguard profitability as its Caribbean business suffers from the slowdown of the local economy.