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Colt Telecom Group plc
Type Public (LSE: COLT)
Founded 1992
Headquarters London, England, UK
Key people Timothy Hilton, Chairman
Rakesh Bhasin, CEO
Industry Telecoms
Revenue 1,675.4 million (2008)
Operating income 76.3 million (2008)
Net income 71.9 million (2008)
Employees 4,425 (2008)
Website www.colt.net

COLT Telecom (LSE: COLT) is a telecommunications company providing services to major city-based customers throughout Europe. The group is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

Contents

History

COLT was founded in 1992 by Jim Hynes[1] with funds provided by Fidelity Investments as City Of London Telecommunications.[2] The company began to construct a telecoms network in London.[2] In 1993 it was awarded a licence to compete with British Telecom and Cable and Wireless in voice and data transmission.[2] It was first listed on the London Stock Exchange in 1996.[2] The group later expanded into Europe, building networks in major European cities over the next 10 years.[2] In 2001 Fidelity Investments helped the Company to raise a further £400m to finance its future activities.[3]

Operations

COLT specialises in providing Data, Voice and Managed Services to major enterprises, small and medium sized businesses and wholesale customers. COLT operates a 25,000km network that includes Metropolitan Area Networks (MANs) in 34 major European cities with direct fibre connections into 16,000 buildings and 19 COLT Data Centres as well as connecting a further 85 cities including New York, Boston, Newark and Chicago in the USA.[4]

COLT has operations in the following countries: Germany, United Kingdom, France, Spain, Italy, Switzerland, The Netherlands, Belgium, Austria, Sweden, USA, Denmark, Norway, Portugal, Ireland, and Finland. The Company is headquartered in Luxembourg, but its main centre of operations is based in the United Kingdom.[4]

COLT is organised into three customer facing divisions: Major Enterprise, Small and Medium Enterprise (SME) and Wholesale.

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Major Enterprise Division

The Major Enterprise Division serves the needs of multinational and large national organisations typically with more than 1,000 employees. Sectors served include financial services, broadcast and media and government bodies.[4]

Small and Medium Enterprise Division

The SME Division serves the needs of businesses typically with 30 to 1,000 employees, either directly or through COLT’s network of channel partners.[4]

Wholesale Division

The Wholesale Division serves other telecoms operators by providing access to COLT’s European network. COLT has full public operator status in 13 European countries.[4]

Products

COLT’s product portfolio can be split into three main categories – Data, Voice and Managed services.

Data

COLT’s Data services include Ethernet, Internet Protocol Virtual Private Networks (IPVPN), Internet Access and Bandwidth services. COLT also offers Managed Services including application hosting, infrastructure management, IT services, network and facilities management.[4]

Voice

COLT provides a broad portfolio of voice solutions, including Voice over IP (VoIP) and non-VoIP services, Intelligent Network (IN) services, customer contact solutions, white label products and network partnering.[4]

Managed Services

COLT is a Managed Services provider: COLT manages and assumes responsibility for providing a defined set of IT services to their clients. COLT is also a Cloud Computing provider

References

External links


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