C&W invests $200m in Asia

Cable&Wireless (C&W) has invested $200 million in Asia during the last two years, including $100 million in the last 12 months, the company said.

The UK-based operator said a big part of the investment was on its multi-service platform through Asia. It was the first international operator to receive full security clearances in India.

Other investments include backhaul networks in Singapore and Hong Kong as well as new points of presence in Japan and Vietnam.

C&W Asia Pacific president Nick Lambert said revenue grew 50% last year and the company is expecting another strong year. 'We're seeing strong demand for bandwidth -- particularly for video conferencing -- and pricing is coming down. We haven't seen customers delaying build-outs.'

C&W said it had made inroads into Australia, China, Hong Kong, India, Japan and Singapore via its investments.

Lambert told Telecomasia.net that the company isn't carrying debt and sees the current environment as a great opportunity to target companies that now have much lower capitalization levels. 'We're very focused on growth, and with our strong balance sheet we're in a good position to take advanage of lower valuations.'