Cable & Wireless Communications (CWC) which operates in the Caribbean under the brand LIME – is looking to expand its operations with further Latin America acquisitions.

The move follows the recent sale of its Monaco & Islands division to Bahrain’s Batelco for US$680 million and the sale of the 51% stake in the Macau based telecoms network, CTM for US$750 million.

Cable & Wireless  operations remain primarily in the Caribbean and Latin America region and now they have the funds available, they are looking at possible deals in markets such as Cuba, Puerto Rico and the Dominican Republic. The company is targeting smaller markets and wont invest in countries such as Brazil — which he said were too big for the small company to deal with, says Tony Rice, Chief Executive Officer

He also confirmed that any deal would be aimed at landline assets that come with mobile operations rather than mobile-only operators.

“We see our business model in full service,” saying that the strategy had proved successful so far.