Colt Technology Services: Difference between revisions

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{{Infobox Company
| company_name = Colt Telecom Group plc
| company_logo = [[Image:Coltlogo.PNG]]
| company_type = [[Public company|Public]] ({{lse|COLT}})
| foundation = 1992
| location = [[London]], [[United Kingdom|UK]]
| key_people = Timothy Hilton, [[Chair (official)|Chairman]] <br> Rakesh Bhasin, [[CEO]]
| industry = [[Telecoms]]


| revenue = [[Euro|€]]1,679.6 million (2007)
| operating_income = [[Euro|€]]55.3 million (2007)
| net_income = [[Euro|€]]39.2 million (2007)
| num_employees =
| parent =
| subsid =
| homepage = [http://www.colt.net www.colt.net]
| slogan =
| footnotes =
}}
'''COLT Telecom Group SA''' ({{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]].

==History==
COLT was founded in [[1992]] by Jim Hynes<ref>[http://www.iona.edu/news/releases/0001/press092000.cfm Iona College receives $10m gift]</ref> with funds provided by [[Fidelity Investments]] as ''[[City of London|City Of London]] Telecommunications''.<ref name="history">[http://www.colt.net/UK-en/AboutCOLT/index.htm COT Telecom History]</ref> The company began to construct a telecoms network in London.<ref name="history"/> In [[1993]] it was awarded a licence to compete with [[British Telecom]] and [[Cable and Wireless]] in voice and data transmission.<ref name="history"/> It was first listed on the [[London Stock Exchange]] in 1996.<ref name="history"/> The group later expanded into Europe, building networks in major European cities over the next 10 years.<ref name="history"/> In 2001 [[Fidelity Investments]] helped the Company to raise a further £400m to finance its future activities.<ref>[http://query.nytimes.com/gst/fullpage.html?res=9400E3DB1E3DF937A35753C1A9679C8B63 Fidelity Investments Agrees To Help Rescue Colt Telecom]</ref>

==Operations==
The Company is headquartered in [[Luxembourg]], but its main centre of operations is based in the [[United Kingdom]]. It also has operations in thirteen other countries in [[Europe]]. COLT is focused on providing telecommunications services to business clients and operates in major cities only.

==References==
{{reflist}}

==External links==
* [http://www.colt.net Official site]

[[Category:Telecommunications companies of Luxembourg]]
[[Category:Telecommunication companies of the United Kingdom]]
[[Category:Companies listed on the London Stock Exchange]]
[[Category:Companies established in 1992]]
{{FTSE 250 Index constituents}}

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Revision as of 09:59, 9 September 2008