Cable and Wireless sold l for $7.4 billion

CABLE AND WIRELESS Communications   changed  hands on Monday May 15 with the completion of the $7.4 billion  sale to Liberty Global

The deal  was approved in November 2015  by the C&W Board of Directors.

Liberty Global is a cable television company with almost 27 million subscribers and annual revenues of approximately $18 billion. Its owner is American John Malone.

C&W operates in 20 countries, with 10 million customers and $3.5 billion in annual revenues. Its operations in Panama are co-owned with the government.