Articles about Colt

Green light

Colt shareholders grab Fidelity offer, declare 'we're outta here'

Reluctant telco Colt is edging closer to private ownership again, after a bunch of shareholders approved a 190-pence-per-share offer from private equity firm Fidelity to flee the loss-making biz. Fidelity was already a majority share owner in Colt when it approached the LSE-listed cloud wannabe in June, with a bid that values …
Paul Kunert, 12 Aug 2015

We want MORE, whine Colt directors after seeing buyout proposal

The directors of network provider Colt have today issued a formal whinge that the company's proposed buyout offer "undervalues" the biz. Majority shareholder and investment firm Fidelity is offering a proposed buyout of the company for 190p per share. Fidelity was the founding investor in Colt before it was a publicly traded …
Kat Hall, 17 Jul 2015
Sorry we're closed

Confused Colt dumps the IT services market while revenues shrink

In a major about-turn, telecoms network provider Colt has today announced it will exit the IT services market as the firm searches for a fresh strategy to halt a worrying decline in revenue. "We are taking decisive action to become a more focused and disciplined organisation," said Rakesh Bhasin, CEO, in an update to the …
Kat Hall, 30 Jun 2015
Stock market. Pic: Alberto Carrasco Casado

Major Colt Group investor bids to take sickly biz private again

Fidelity, the majority shareholder in LSE-listed telecoms biz Colt Group, has bid 190 pence per share to buy the remaining stock and take the ailing firm private. The proposed transaction equates to a 21 per cent premium on yesterday’s closing share price and is 34 per cent up on the rolling average for the past twelve months …
Paul Kunert, 19 Jun 2015

Colt sales slide, profits turn to mush in shiny new cloudy world

A double-digit sales crash in the carrier voice division led top-line declines at Colt in 2014, as a series of one-off costs – including a major restructuring programme – downed profit. It was a “disappointing” outing for the London-listed operation, with turnover dropping 6.4 per cent to €1.49bn in the 12 months, the firm …
Paul Kunert, 26 Feb 2015

EMC confirms arrival of channel vet as COO EMEA

EMC has confirmed that former Colt and Computacenter bigwig Simon Walsh will land at the firm as COO for EMEA, as revealed by El Chan this week. The industry veteran left Colt Technology Services in November, less than three years after heading the newly launched division, amid talk that the service provider was not satisfied …
Paul Kunert, 17 Jan 2014
management strategy3

EMC hires channel veteran as new EMEA COO

Exclusive Former Colt Technology Services grand fromage Simon Walsh is set to become one of the top brass at EMC EMEA, according to multiple industry sources. Walsh, an exec director at Colt, exited the business back in November along with a couple of his lieutenants following nearly three years at the firm. Sources told us that Walsh …
Paul Kunert, 15 Jan 2014

Colt Technology Services bigwigs exit stage left

Colt Technology Services exec director Simon Walsh and some of his lieutenants have exited the business, The Channel can reveal. "We can confirm that Simon Walsh no longer works for Colt Technology Services and that Jürgen Hernichel is now leading that area of the business," a Colt PR person told us. Previously, Hernichel was …
Paul Kunert, 14 Nov 2013
channel_partners_deal_handshake

Ex-Computacenter bigwig O'Hara now Colt big gun

Former Computacenter big hitter Julie O'Hara has been lured to Colt as veep for services and solutions. She left London-based CC in February after 15 years at the firm, most recently as director for the unit managing financial services and retail customers. Her exit resulted in a rejig of the UK sales floor. The move is …
Paul Kunert, 29 May 2012
VMSAX detail

EMC rolls new VMAX bundle for cloud pushers

It just sits there and rakes in money for you as users get provisioned, use the space and get billed: that's the message EMC is pushing to cloud service providers with a new VMAX bundle of array, software and services. VMAX SP – for service providers – is a VMAX array packaged with software and services at four levels to help …
Chris Mellor, 15 May 2012
The Register breaking news

Ex-BT exec secures NBN Co COO role

NBN Co will be importing its first chief operating officer from the UK with the appointment of former BT executive Ralph Steffens to the role. Moving to Australia at the end of November and working in the Sydney office of NBN Co, Steffens will report to CEO Mike Quigley and have overarching responsibility for the construction …
channel

Computacenter guru outlines new Colt not-a-cloud plan

Computacenter's former storage boss Matthew Yeager is set to join LSE-listed Colt from next month as chief technologist. After nearly four years at CC, Yeager is heading to Colt, which dropped the Telecom element of its brand last year as it transitions into a cloud services biz or "information delivery platform provider" as …
Paul Kunert, 18 Aug 2011
graph up

Colt loads up factory-built data centres

Colt has claimed it can supply factory-built, 500m2 Modular Data Centre internal hall buildings for installation in warehouse-type sheds at a faster speed and lower cost than new-build data centres. These are not shipping container datacentres, which are 40ft long and 8ft wide and only have a 320ft2 (29.7m2) floorspace. You …
Chris Mellor, 8 Jul 2010
The Register breaking news

Colt quietly offshores network ops

Networking provider Colt has quietly offshored some of its network operations to a team based in India. The firm claimed today the move of its transmission backbone monitoring team to the sub-continent, which took place on Monday, will have no impact on customers. "Customer contact will still be handled by our team in …

Colt Telecom cable cut mystery

Updated: Colt Telecom customers might be finding themselves without internet access today after an undersea cable was cut. A spokeswoman was unable to give us any details beyond admitting there "were some issues". But Register readers have been told that a severed undersea cable running between the UK and mainland Europe is the cause …
John Oates, 8 Sep 2009
The Register breaking news

Bond - Fleming expo opens at Imperial War Museum

In just over a week it will be exactly a hundred years since the birth of Ian Fleming, wartime intelligence officer and creator of cultural icon James Bond 007. To mark the occasion, the Imperial War Museum in London has opened a special Fleming'n'Bond themed exhibit, For Your Eyes Only, which will run until May '09. Aware of …
Lewis Page, 20 Apr 2008

Create a news alert about Colt, or find more stories about Colt.

Biting the hand that feeds IT © 1998–2017