Cable & Wireless Communications – 39.5p

14 vJanuary 2013 – disposal

The group has confirmed that it is to sell its 51% stake in its Macau business for $750m as it reshapes its portfolio to focus on the Central American and Caribbean region.  The proceeds of the sale will be used to reduce debt at the group and will enable the group to expand its core activities, either organically or by acquisition.  We retain our recommendation of BUY.

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