CWC confirms Macau sale talks

Cable & Wireless Communications (CWC) yesterday said it was in talks over a sale of its business in Macau, a further step as the mobile network company focuses its operations on its Caribbean and Panama operations.
The FTSE 250 firm, formed in 2010 when it split from Cable & Wireless Worldwide, is negotiating with Pacific operator Citic Telecom over CWC’s 51 per cent stake in its Macau network. A sale could net CWC around $650m.