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Mobile data growth boosts Cable & Wireless

The continued adoption of smartphones and the rise in mobile data traffic helped lift Cable & Wireless's half-year performance. Indeed, mobile data revenues surged 94 per cent in the period and now account for 7 per cent of group sales. Chief executive Tony Rice expects this rising trend to continue in the second half, too, so the group has invested $160m (£100m) in mobile data networks during the period.

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By Malar Velaigam,
04 November 2011

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