C & W Plans Massive Caribbean Development
About the article
This is a digitised version of an article from The Cayman Compass's print archive. Occasionally, the digitisation process introduces transcription errors, or other problems.
See the article in its original context from August 1969.
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The site of the second Earth Station has not been announced so far. The Company is negotiating the proposal with Government authorities. Due to the heavy capital investment to be undertaken by C & W in the Caribbean there will be a significant increase in the number of trained national staff at the Company's branches.
A considerable expansion of Cable and Wireless technical programmes throughout the Caribbean is being introduced in co-operation with the education authorities. There will be yet more opportunities for national staff to attend advanced courses in the U.K. The Company's accounts for the year ended March 31st, 1969, review the continued growth and use of high quality systems throughout the Caribbean. The extensive development programme which has been going on throughout the 1960's-more than EC$25,000,000 has been invested in the last three years alone is at last beginning to show results, particularly in terms of increasing turnover. This enabled the Company to pay a dividend - the first in history of Cable and Wireless (West Indies) Ltd for 5% on the issued share capital, an appropriation of EC $528,000 from an annual revenue of EC$21,538,065.
Expenditure for 1968/9 totalled EC$17,519,126. The Revenue Statement shows that the Caribbean is making more use of international and inland telephony and Telex. In part the increased traffic has been due to the expansions of national telephone systems. The report refers to new inland telephone systems opened in Dominica and St. Vincent and to the troposcatter system between Trinidad and Guyana which provides Guyana with a high-quality international outlet both to the Commonwealth and to world systems.