Colt Group S.A.

From Wikipedia, the free encyclopedia
  (Redirected from COLT Group)
Jump to: navigation, search
Colt Group S.A.
(trading as Colt Technology Services)
Type Société anonyme in Luxembourg
Traded as LSECOLT
Industry Telecoms, Managed services
Founded 1992 (London)
Headquarters London, England, United Kingdom
Key people Simon Haslam (Chairman)
Rakesh Bhasin (CEO)
Revenue 1,575.8 million (2013)[1]
Operating income 39.4 million (2013)[1]
Net income 38.0 million (2013)[1]
Website www.colt.net

Colt Group S.A. (trading as Colt Technology Services, formerly COLT Telecom Group S.A.)[2] is a multinational telecommunications, IT managed services and data centre services company headquartered in London, United Kingdom and with its registered office in Luxembourg.

Colt provides services to city-based large enterprise, small and midsize business and wholesale carriers in 23 countries across Europe. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

History[edit]

Colt was founded in 1992 by Jim Hynes with funds provided by Fidelity Investments as City Of London Telecommunications.[3] The company began to construct a telecoms network in London.[3] In 1993 it was awarded a licence to compete with British Telecom and Cable and Wireless in voice and data transmission.[3] It was first listed on the London Stock Exchange in 1996.[3] The group later expanded into Europe, building networks in major European cities over the next 10 years.[3] In 2001 Fidelity helped the Company to raise a further £400m to finance its future activities.[4] In 2005 the company reached its first year of positive cash flow, and in 2007 its first year of profit. In April 2009 Colt completed an Open Offer raising €199.1m (including a €9.7m foreign exchange gain) before expenses with the issue of 211.0 million shares.[5] In 2010 Colt rebranded from COLT Telecom to Colt Technology Services, deleting the acronym City of London Telecommunications to reflect its paneuropean nature. The company now describes itself as an ‘information delivery platform’ rather than simply a telecommunications company, reflecting its provision of integrated computer and network services.[6] In May 2011 Colt acquired a majority shareholding in MarketPrizm, a provider of low latency market data and trading infrastructure services.[7]

Operations[edit]

Colt has offices in 22 European countries, the US and in India. The parent company is registered in Luxembourg but its main centre of operations is based in the United Kingdom. Colt is organised into four lines of business: Network Services, Voice Services, IT Services and Data Centre Services.[8]

  • Network Services

Colt network services are “focused particularly on selected network intensive market segments: capital markets, media, cloud service providers and fixed and mobile network operators”.[9]

  • Voice Services

Colt sells voice services that support “transition from traditional to next generation voice services with a particular focus on Enterprise Voice, including IN services and IP Voice opportunities”.[9]

  • Data Centre Services

Colt Data Centre Services “leverage 20 data centres across 14 cities in 10 countries to offer a range of colocation services from an individual rack to an entire data centre hall." Their data centres "are carrier neutral and the estate consists of 32,000 sqm of built capacity (at 86% occupancy) with a further 21,000 sqm of data centre expansion capacity".[9]

  • IT Services

Colt “delivers both dedicated and shared hosting infrastructure to enterprise customers and service providers. They rolled out cloud based platforms to 8 cities across Europe and in Asia in 2013.”[9] In 2014 Gartner named Colt a "leader" in one of their cloud magic quadrants. [10]

References[edit]

  1. ^ a b c "Preliminary Results 2013" (PDF). Retrieved 2014-03-16. 
  2. ^ Colt Technology Services. "Colt name change". Colt.net. Retrieved 2013-12-05. 
  3. ^ a b c d e Colt Technology Services. "Colt History". Colt.net. Retrieved 2013-12-05. 
  4. ^ Kapner, Suzanne (2001-10-04). "Fidelity Investments Agrees To Help Rescue Colt". New York Times. Retrieved 2013-12-05. 
  5. ^ "Colt Telecom Group". Grace's Guide. Retrieved 2014-03-16. 
  6. ^ "Is it a telco? Is it a cloud company? No it's Colt!". K2advisory.com. Retrieved 2013-12-05. 
  7. ^ "Colt to buy MarketPrizm". Finextra.com. Retrieved 2013-12-05. 
  8. ^ "Colt to exit carrier voice market". Total Telecom. 22 April 2014. Retrieved 8 October 2014. 
  9. ^ a b c d "Colt interim 2014 report". August 2014. Retrieved 27 October 2014. 
  10. ^ "Colt named leader in magic quadrant for Cloud-Enabled European Managed Hosting". 15 July 2014. Retrieved 27 October 2014. 

External links[edit]