Cable & Wireless sells Monaco subsidiary


Miami-based Cable & Wireless Communications announced that it has agreed to sell a subsidiary, Compagnie Monégasque de Communication S.A.M.. to a private investment vehicle controlled by French industrialist Xavier Niel for $445 million.

Monaco Telecom is the market-leading full service telecommunications operator in Monaco. The sale is part of Cable & Wireless’s strategy to focus on the Caribbean and Latin America region, and after completion of the transacton, CWC will generate all of its revenue from the Caribbean and Latin America region, with the exception of the Seychelles. The transaction will also put CWC in a strong position to pursue growth opportunities, both organic and inorganic, in the targeted region, the company said.

CWC, the leading telecommunications company in the Caribbean, moved its global operations center from London to Miami at the end of last year.

Nancy Dahlberg 

Read more Business stories from the Miami Herald

Marcell Haywood


    Taxi alternatives could improve service

    Today marks the launch of the Miami Herald CEO Roundtable, comprising more than two dozen CEOs and senior executives in companies large and small from the region’s key industries. The goal: To provide a temperature check of local economic conditions and business opinions on current topics. Look for a selection of responses each week in print; to see all responses, go online at And keep an eye out for our live CEO Roundtable event later this fall.

  • 122 South Florida companies make Inc. 5000 list

    Inc. magazine unveiled its annual list of fastest-growing private companies in America on Wednesday, and 122 companies from the Miami metropolitan area made the cut.

A rendering of Brickell City Centre


    Saks Fifth Avenue will anchor Brickell City Centre

    Saks Fifth Avenue will anchor Brickell City Centre, the $1.05 billion mixed-used development now underway in Miami.

Miami Herald

Join the

The Miami Herald is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere on the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.

The Miami Herald uses Facebook's commenting system. You need to log in with a Facebook account in order to comment. If you have questions about commenting with your Facebook account, click here.

Have a news tip? You can send it anonymously. Click here to send us your tip - or - consider joining the Public Insight Network and become a source for The Miami Herald and el Nuevo Herald.

Hide Comments

This affects comments on all stories.

Cancel OK

  • Marketplace

Today's Circulars

  • Quick Job Search

Enter Keyword(s) Enter City Select a State Select a Category