Cable & Wireless Communications to leave UK for Florida That followed the disposal in December of its Monaco and Islands division, which served the Falkland Islands and Isle of Man among others, to Bahraini group Batelco for $680m Mr Rice said the sales had given CWC the "structural coherence" it sought after demerging from Cable & Wireless Worldwide, the British operation bought by Vodafone in June. "The group is now focused on a single region with low penetration for data services and strong growth potential where we have scale and market leadership," he said. The group is trying to expand data services as its traditional voice telecoms revenues are declining. It also aims to strip out a further $100m in costs within 2 years with a new single management structure and IT systems run from new operations headquarters in Florida. "We're fundamentally re-engineering the business as an operating telco rather than a portfolio of businesses," said Mr Rice. The group is looking at acquisitions in Spanish-speaking Central America and Caribbean, where GDP growth is stronger than in English-speaking islands. Cable & Wireless Communications shares closed down 3pc on Wednesday at 43.5p.