Cable & Wireless Likely to report 28% Growth

In an interim management statement Cable and Wireless has confirmed that it will achieve the EBITDA guidance given to the market on 13 November 2007. EBITDA for the financial year to 31 March 2008 is expected to be between £585 million and £610 million, representing growth over the previous year of between 19% and 24% respectively.

Richard Lapthorne, Chairman of Cable and Wireless plc, said “I’m pleased to report that we are well on our way to delivering the EBITDA targets we announced at our Interim results. Consequently we confirm our intention to recommend a full year dividend of 7.5p per share, representing growth of 28%.”

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