Difficult to put any explanation into this, other than one Director has spent his inheritance on shares in CWC. Something like 4million (�2m)-DYOR- in recent times, meaning since the fall from grace after the setting up of two C&W businesses. This was always the poor-player IMHO....yet someone out there thinks otheerwise...this isn't a deal for the cost of a set of wheels for his Lexus - this is serious dosh.
-Could there be some strategic plan he hopes to pull-off in the next (say) 2-years?
I've bought a few recently, after the fall.
EDIT (6Jan2014) - another Exec takes over the Co and invests £2m [DYOR] at current 57p - good . . . . so I hope he knows what HE'S doing as the last one only scraped a small profit.
I'm guessing, but don't know that Telecoms is suffering excessive capacity as Co's went fibre/wireless and the explosion in usage didn't really take off as folks realised how expensive it was.
I read that same Dir was awarded "performance shares" roughly the same number, so his purchase-price is his bargain, for regular punters to take on the chin. Oh deary.
EDIT (25March2014)- I see sp has fallen to 50p - some Dir Sells haven't helped.

Half Yearly Report

Early signs of modest revenue growth, as investment-led strategy mobilises

Financial Highlights
§ Group revenue up 1% (2% at constant currency); mobile revenue up 3% with mobile data up 10%

§ Group operating costs 2% lower; on-track to achieve US$100 million cost reduction plan

§ Group EBITDA up 5%; EBITDA margin increased by 1 ppt to 33%

§ Project Marlin underway with capital expenditure of US$190 million in the period (up 81%)

§ Significant growth in earnings per share to US1.9 cents as interest expense and exceptional charges fell by US$94 million

§ Interim dividend per share of US1.33 cents

Proposed Acquisition of Columbus International Inc

· The Board of Cable & Wireless Communications Plc ("CWC") today announces that it has agreed terms to purchase 100 per cent. of the equity of Columbus International Inc, a leading privately-owned fibre-based telecommunications and technology services provider operating in the Caribbean, Central America and the Andean region, for USD1.85bn
· The move will significantly enhance CWC's growth profile and accelerate the progress towards each of its strategic goals unveiled in May
· CWC also announces the placing of new shares constituting approximately 9.99 per cent. of CWC's outstanding share capital which will be used to finance in part the proposed acquisition
· The Enlarged Group is expected to generate significant operating cost and capital expenditure synergies, with additional revenue benefits also available
· The transaction will be earnings neutral in the first full year post-completion and materially earnings enhancing in subsequent years
· CWC's current dividend policy of 4c per share to be maintained post-completion

Placing Announcement

CWC today announces the placing of up to 252,812,284 new ordinary shares of 5 cents each in the Company (the "Placing Shares") representing up to approximately 9.99 per cent. of the Company's existing issued ordinary share capital (excluding treasury shares) (the "Placing"). The Placing is being conducted through an accelerated book-building process which will be launched immediately following this announcement (the "Bookbuild").

more .......

Jefferies International Buy 49.40 50.10 61.00 61.00 Reiterates

7 month high @53.25p.

Q3 Trading Update

This announcement provides an update on the Third Quarter performance and financial position of the Group since the six months ended 30 September 2014. Full year results for the period ending 31 March 2015 are expected to be announced on 20 May 2015.

Highlights
· Group revenue of $444 million, up 5%, 2% on a like-for-like1 basis
· Mobile revenue up 4% driven by strong subscriber growth across Panama and LIME markets
· Acceleration of Project Marlin driving improved network performance and customer satisfaction
· Columbus acquisition on track to close before fiscal year end

9 month high @57.05p

and again 12+ month high @57.90p.

Extension of Columbus acquisition longstop date to 31 March 2015

Cable & Wireless Communications Plc ("CWC") today announces it has agreed with the shareholders of Columbus International Inc. ("Columbus") to extend the longstop date for the receipt of required consents and approvals for the proposed acquisition of Columbus, announced on 6 November 2014. The longstop date will be extended to 31 March 2015. CWC notes the announcement made yesterday by the Telecommunications Authority of Trinidad and Tobago ("TATT") and continues to work constructively with TATT and all other relevant regulators towards completion of the transaction.

TELECOMMUNICATIONS AUTHORITY OF TRINIDAD AND TOBAGO APPROVES ACQUISITION OF COLUMBUS BY CWC

Cable & Wireless Communications Plc (CWC) announced on 6 November 2014 that it had agreed terms to purchase 100 per cent. of the equity of Columbus International Inc, a leading privately-owned fibre-based telecommunications and technology services provider operating in the Caribbean, Central America and the Andean region, for USD1.85bn (the "Acquisition").

The Company confirms it has obtained the necessary approval for the Acquisition in Trinidad and Tobago following its receipt of consent from the Telecommunications Authority of Trinidad and Tobago (TATT). Further to the consent, CWC has agreed to divest its 49 per cent. shareholding in TSTT within an appropriate period following completion of the Acquisition.

Completion of the Acquisition remains subject to the satisfaction or waiver of certain other conditions, as set out in the circular to CWC shareholders dated 19 November 2014, including the receipt of all necessary regulatory approvals in Barbados.

---END---

5+ year high @61.75p

It's been a long time coming! Is there much more to go is the thing?!

Money AM shows this is about a 10-year high too . . . . let's not forget the earlier Dot-Com fallout affected all stocks and anything a bit "Techy" even more.
Can't recall the effect of the split from [CW.] and what that did for shareholders.

At least there is a decent Yield, eh?

Late RNS :- COMPLETION OF ACQUISITION OF COLUMBUS

Cable & Wireless Communications Plc ("CWC") is today pleased to announce the completion of the acquisition of the entire issued share capital of Columbus International Inc. ("Columbus") by CWC from Clearwater Holdings (Barbados) Limited, CVBI Holdings (Barbados) Inc., Columbus Holding LLC, Brendan Paddick and others, as announced on 6 November 2014 (the "Acquisition"), following satisfaction of all necessary conditions.

Board Changes

Cable & Wireless Communications Plc ("CWC") today announces the following changes to its Board of Directors which have taken effect immediately following completion of the acquisition of Columbus International Inc. by CWC (the "Acquisition"), as announced earlier today:

· John Risley has been appointed as a Deputy Chairman and a Non-Executive Director of CWC;
· Brendan Paddick has been appointed as a Non-Executive Director of CWC; and
· Thad York has been appointed as a Non-Executive Director of CWC.
· Nick Cooper will step down as Corporate Services Director of CWC.

There is no other information required to be disclosed pursuant to Listing Rule 9.6.13R.

5 year high @63.50p.

Jefferies International Buy 66.40 66.40 61.00 87.00 Reiterates

Notice of Results

Another new high @70.10p.

Final Results

Strong performance and improving platform for growth

Highlights
§ Group revenue of US$1.8 billion up 4% reflecting strategic progress

§ Group EBITDA of US$585 million up 7%; EBITDA margin increased by 1 ppt to 33%

§ US$100 million cost reduction plan successfully completed; c.800 FTE reductions over two years

§ US$442 million Project Marlin capex investments have improved network performance

§ Significant growth in adjusted EPS to US4.7 cents driven by US$55 million lower interest cost

§ Columbus acquisition completed on 31 March 2015; integration underway

§ Recommended final dividend per share of US2.67 cents; full year dividend per share of US4 cents (2013/14 US4 cents)

On Tuesday 21 July 2015 at 07:30 (BST) Cable & Wireless Communications Plc will release its trading update for the three months ended 30 June 2015.