Cable & Wireless Unveils Plans for Future.

Evening Standard, London Knight Ridder/Tribune Business News

Jan. 24--Troubled Cable & Wireless invited the City to its central London headquarters today in a first attempt to bolster investor support since its boardroom culls.

Around 50 telecoms analysts and representatives of the company's major shareholders heard about C&W's plans for its Regional business, which runs telecoms networks in the Caribbean, Middle East and Pacific Rim.

In a presentation, C&W Regional chief Robert Lerwill told his audience the business's revenues should grow at between 0 percent and 5 percent this year, profit margins should be held and capital expenditure will come in again at less than UKpound 300 million.

Analysts said the get-together was an attempt to remind people C&W has a pretty good Regional business outside the Internet Global company which has been the subject of a major restructuring.

It is the first company presentation since the arrival of new chairman Richard Lapthorne, the ex-BAE Systems executive, who this week announced the departure of chief executive Graham Wallace.

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(c) 2003, Evening Standard, London. Distributed by Knight Ridder/Tribune Business News.

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