25 April, 2014

Disposal of Monaco Telecom for consideration of €322 million (US$445 million)

Cable & Wireless Communications Plc has agreed the sale of Compagnie Monégasque de Communication S.A.M., the holding company for CWC’s 55% stake in Monaco Telecom S.A.M., to a private investment vehicle controlled by Xavier Niel, the French entrepreneur and industrialist, for a total consideration of €321,788,000 (US$445 million).

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