C&W blames Jamaica for US$244m hit - Business - Jamaica Gleaner - Friday | May 25, 2012: "The write-down of the mobile network of Lime Jamaica was primarily blamed for a US$244-million (J$19.7b) impairment loss recorded by its parent Cable & Wireless Communications.
The actual impact of the write-down on Jamaica was not dissagregated as investors await the release of the local operation's earnings report.
But the impairment pared C&W Communications' net profits to US$24 million for year ending March 31, 2012, a 92 per cent decline over year-earlier levels according to the London-based company's financials released on Thursday.
C&W Communications had no impairments in the prior year."
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