Cable & Wireless Worldwide – operating in the Caribbean and Latin America as LIME -has reported trading in line with expectations for the year ending 31 March with trading cash flow of GBP 99 million, compared to GBP 116 million a year earlier.

It has implemented the first phase of a performance improvement plan, including refinancing, new operating model and additional hosting capacity, and expects market conditions to remain challenging during 2012/2013. EBITDA was GBP 378 million for FY 2011/2012, down from GBP 442 million a year earlier.

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