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February 8, 2008 |
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CABLE & WIRELESS: Names Tony Bromfield as New Unit CEO The CaribWorldNews reports that Cable & Wireless Plc has appointed Tony Bromfield as its chief executive officer for Caribbean and Americas, replacing Chris Hetherington. Telegraph.co.uk relates that Mr. Hetherington had been chief executive officer for 18 months when he was replaced. He supervised 14 businesses with combined revenues of 800 million pounds, contributing to Cable & Wireless International's 1.2-pound turnover. He was also a board member of Cable & Wireless International, which Cable & Wireless will consider demerging from its two-billion pound turnover UK division in 2008. Mr. Bromfield, who will replace Mr. Hetherington as chief executive officer, had worked with John Pluthero, who is running Cable & Wireless International, as Energis' head of operations, The Gleaner notes. Cable & Wireless acquired fixed-line phone service provider Energis in 2005. According to Financial Times, Cable & Wireless also dismissed Cable & Wireless International's chief technology officer Frank Mount. Ken McFadyen, another former Energis official, will take his place. Telegraph.co.uk adds that Mr. McFadyen will join the Cable & Wireless International board this April. An analyst commented to Telegraph.co.uk that Messrs. Bromfield and McFadyen are guys who Mr. Pluthero has worked with and "knows they'll deliver." The appointment of new officials would be an opening move in Mr. Pluthero's efforts to turn around the international division, which offers mobile, broadband, and domestic and international fixed-line services principally in the Caribbean, Panama, Macau, Monaco and the Channel Islands, Financial Times states. Headquartered in London, Cable & Wireless Plc -- http://www.cw.com/new/ -- provides voice, data and IP (Internet Protocol) services to business and residential customers, as well as services to other telecoms carriers, mobile operators and providers of content, applications and Internet services. The company has operations are in the United Kingdom, India, China, the Cayman Islands and the Middle East. * * * In April 2007, in connection with the implementation of its new Probability-of-Default and Loss-Given-Default rating methodology for the corporate families in the Telecommunications, Media and technology sector, Moody's Investors Service confirmed its Ba3 Corporate Family Rating for Cable & Wireless Plc. Moody's also assigned a Ba3 Probability-of-Default rating to the company. |
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