Feeds

Colt shunts more jobs overseas

Narrows losses though

New hybrid storage solutions

Colt - the UK-based telecoms group that provides communications services to businesses - is still shunting jobs overseas as it continues to cut costs.

By the end of the year 15 per cent of its workforce will be based in India taking headcount there to 450 while numbers in Europe will drop to 3,400.

Turnover for the three months to the end of September was up a smidgen to £311.8m compared to the same period last year although pre-tax losses fell over the same period from £35m to £19m.

Even though the telco recently won two major contracts with Commerzbank and Nomura, and a €9m hosting and managed services deal in Spain, the company is still cautious about the future.

"Conditions in the European telecoms markets continue to be challenging," said Colt chief exec Jean-Yves Charlier. ®

Providing a secure and efficient Helpdesk

More from The Register

next story
Quit drooling, fanbois - haven't you SEEN what the iPhone 6 costs?
How keen will buyers be when exposed to the real price?
Ex-Autonomy execs: HP's latest wad blows apart fraud allegations
Top bods claim IT titan's latest court filing is smoking gun of 'reckless aggression'
Forget silly privacy worries - help biometrics firms make MILLIONS
Beancounter reckons dabs-scanning tech is the next big moneypit
Elon Musk says Tesla's stock price is too high ... welp, NOT ANY MORE
As Nevada throws the SpaceX supremo a $1.25bn bone
Microsoft's Office Delve wants work to be more like being on Facebook
Office Graph, social features for Office 365 going public
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.