Colt profit up 5.6%

18 Oct 2007

Colt Telecom Group has posted a better than expected 5.6% increase in third-quarter 3Q earnings, with EBITDA climbing to EUR69.9 million (USD99.3 million) in the three months ended 30 September. The Luxembourg-based, pan-European corporate telecoms provider said data revenues rose by 8.9% to EUR214.6 million (or 51.2% of total revenue), while overall sales fell by 7.6% to EUR419.4 million as pricing pressure in the voice market continued in Germany and the UK.

United Kingdom, Colt Technology Services Group