Colt stoic on 2005 performance

25 Feb 2005

Loss-making corporate telecoms provider Colt Telecom has warned that 2005 will be another tough year, forecasting that there will be no let up in a market dogged by over-capacity. According to CEO Jean Yves Charlier there has been no evidence of improvement in the markets in which Colt operates, although he remains confident that measures such as the transfer of certain activities to India, underpins its long term prospects. Pre-tax losses for 2004 fell to GBP114.6 million from GBP163.4 million a year earlier.

United Kingdom, Colt Technology Services Group