Cable & Wireless is looking to follow its imminent stock market listing with expansion in emerging markets.
The company’s UK business, C&W Worldwide, will focus on opportunities in Asia, as well as in its home market, chief executive Jim Marsh told the…
Cable & Wireless is looking to follow its imminent stock market listing with expansion in emerging markets.
The company’s UK business, C&W Worldwide, will focus on opportunities in Asia, as well as in its home market, chief executive Jim Marsh told the Financial Times.
C&W Worldwide already has operations in India and Singapore and would be open to further opportunities on the continent. However, growth in the UK remains top priority for the company, which is to be officially demerged from C&W Communications on March 26.
C&W Worldwide is aiming to have a market share of 25% in the UK’s £7bn corporate telecoms market, up from 19% at present. BT has a 65% share.
Marsh was quoted in the FT saying: “We have a fabulous brand in Asia because we’ve been there for 120 years. So, building our business particularly in that region is very important to us.”