CWC to sell off Algerian group

 
Oliver Smith
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TELECOMES operator Cable & Wireless Communications has sold its Algerian satellite business for $1.4m (£0.8m) as part of its efforts to streamline the business.

The FTSE 250-listed company, which split from Cable & Wireless Worldwide in 2010, said yesterday that the sale of Divona to Algerian company Smart Link Com is not expected to have a material impact on the group and the proceeds of the disposal will be used for general working capital purposes.