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Cable & Wireless Worldwide plc

CR Reports
Description		Report Date	Published	Current
	CR Report			Yes

Company Overview

In November 2009, Cable and Wireless plc announced its intention to separate Communications and Worldwide, reflecting the Board's belief that the two businesses had reached a position where they are best placed to deliver further value to shareholders as separately listed companies. The separation is the culmination of work which began in April 2006, when Cable and Wireless plc created two largely distinct operating units under the Cable and Wireless plc umbrella to reflect their differing characteristics, and the establishment of clear strategies for both. As a result of the significant progress made since then, the two businesses are now ready to operate as independent, publicly listed businesses.

The Cable and Wireless plc Board believes that the separation will deliver further value for shareholders by:

Allowing Cable & Wireless Communications and Cable & Wireless Worldwide to pursue their strategies independently with greater flexibility over management of resources and opportunities;
Creating two separately listed companies with distinct investment profiles and clear market valuations;
Sharpening management focus still further, helping the two businesses maximise their performance; and
Providing a transparent capital structure and an efficient balance sheet for each business.

Annual Reports
Description		Report Date	Published	Current
	Annual Report 2010 in PDF	31/03/2010	26/05/2010	Yes

Interim Reports
Description		Report Date	Published	Current
	Interim Results 2010 in PDF	30/09/2010	16/11/2010	Yes

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