Financial Times

C&W COMMUNICATIONS RESULTS DISAPPOINT
Cable & Wireless Communications reported disappointing financial results, its pre-tax profits declining by four percent to USD210 million for its first fiscal six months ending on 30 September.

CHINESE BANKS HELP FUND HUAWEI DEAL
CamGSM, Cambodia’s top mobile operator, has obtained financing for a USD500 million five-year contract with Huawei for services and equipment. Huawei has a USD35 billion standing line of credit from China Development Bank, reports FT.