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Atlantic Telecom Group is to axe 350 jobs in the UK as part of programme of rationalisation designed to save the telco £30 million.

The job cuts come as Atlantic focuses on delivering services to the SME market at the expense of its residential business.

In a statement, executive chairman Graham Duncan said: "The significant refocus of our investment towards the business market has led and will continue to lead to the reduction in our residential business in the UK.

"The restructure will result in a reduction of approximately 350 jobs in the UK. The total number of full-time job losses will be mitigated in part by the transfer of some areas of the business to Scotland, and an increase in the number of staff working on the business focused areas of the company."

Elsewhere, the telco said that the rollout of broadband services in Germany is "ahead of schedule", with 331 central offices equipped at 31 December. Holland is also proceeding well.

In the UK, Atlantic claims local loop unbundling is still at an early stage but hopes to have some unbundled broadband services ready by July. Which is nice. ®

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