The Chief Executive Officer of Cable & Wireless in the Caribbean, Richard Dodd, has announced this week that his firm intends to invest over USD400mn in Caribbean telecommunications development over the next three years.
Mr Dodd's announcement follows positive company results published back in May, which revealed that revenues for C&W International had increased by 6% year on year to GBP1.2bn, as strong performance in the growth areas of mobile and broadband more than offset declines in fixed line revenues.
Cable & Wireless International is leader in 18 out of the 22 markets in which it provides mobile services, and in the past year, despite increasing competition, has increased its total mobile customer base by 22%, the results further revealed.
According to a report from CarribbeanNetNews this week, Dodd revealed that Cable & Wireless is repositioning itself for an era of competition, stating that:
"Cable & Wireless has been a staple in the Caribbean for more than 100 years and the company intends to be around long into the future to bring our customers the superior brand of telecommunications products and services that has helped to put the Caribbean ahead of many countries in telecommunications infrastructure."
“It also gives us a sense of pride that we have contributed to building superior, resilient networks that keep the people of this region in touch with the world,” he added, according to the regional news service, continuing:
“Our sense of pride also extends to the areas which we have supported throughout the region as part of our social responsibility, including education and culture, sport and community activities.”
One key development area, Dodd revealed, will be the introduction of 3G platforms, which will first be introduced in Jamaica.
“This is only one area of our new investment and commitment to the region. But as we progress with our transformation programme, our customers will see further tangible benefits from doing business with us,” he concluded, according to CaribbeanNetNews.
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