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April 3, 2008 |
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CABLE & WIRELESS: Jamaican Unit Raises Line Rental Fee Cable and Wireless Plc's Jamaican unit said it will increase line rental fee due to inflationary pressures and increasing operational costs, Radio Jamaica reports. Radio Jamaica relates that residential clients will begin paying J$700 per month, compared to the current J$500 per month. According to Radio Jamaica, business line rental -- PBX trunk lines, national and international toll free lines, and direct inward dialing lines -- will increase to J$1,600 from J$1,250 per month. Headquartered in London, Cable & Wireless Plc -- http://www.cw.com/new/ -- operates through two standalone business units -- International and Europe, Asia & US. The International business unit operates integrated telecommunications companies in 33 countries offering mobile, broadband, domestic and international fixed line services to residential and business customers, with principal operations in the Caribbean, Panama, Macau, Monaco and the Channel Islands. The Europe, Asia & U.S. business unit provides enterprise and carrier solutions to the largest users of telecoms services across the U.K., U.S., continental Europe and Asia -- and wholesale broadband services in the U.K. * * * As of Feb. 12, 2008, Cable & Wireless Plc carried a Ba3 long- term corporate family rating, a B1 senior unsecured debt rating and a Ba3 probability of default rating from Moody's Investors Service, which said the outlook is stable. The company also carries a BB- long-term local and foreign issuer credit ratings from Standard & Poor's Ratings Services, which said the outlook is stable. S&P rates its short-term local and foreign issuer credit at B. CASH PLUS: Debt Exceeds Income; Goes Into Receivership |
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