Articles about Colt

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
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
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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 London …
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 said …
Paul Kunert, 26 Feb 2015

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
man_inks_deal_channel signs contract services

Colt Technology Services gobbles ThinkGrid

Colt Technology Services has swallowed cloud minnow ThinkGrid for an undisclosed sum to tap up its network of 300 resellers and software developers and the small biz firms it counts as customers. Incorporated in 2008, London-based ThinkGrid provides a cloud platform for channel firms to resell infrastructure-as-a-service kit …
Paul Kunert, 13 Aug 2012
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 hardly …
Paul Kunert, 29 May 2012
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 it …
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, 08 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 Barcelona …

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

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 of …
John Oates, 08 Sep 2009

Florida cops cuff open-carry, balls-out pirate packing 'operational' flintlocks

A Florida pirate was arrested recently after allegedly firing shots at passing cars using his pair of "operational" black-powder pistols, presumably flintlocks. The Florida Keys Keynoter and Reporter has the story. It seems that Monroe County sheriff's deputies, responding to notifications of shots fired on the old Seven Mile …
Lewis Page, 06 Jul 2015
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
Google HQ logo. Pic: Bob Dormon

Cloud DNS, VPN, HTTPS load balancing ... Google looks at rivals, thinks: Yeah, we'll do all that

Google has expanded its portfolio of network services, with the aim of ensuring that customers of its cloud infrastructure have responsive, low-latency websites. On Monday, the online ad-slinger announced general availability of Cloud DNS, its managed DNS service. For a monthly fee, Google will handle DNS requests for as many as …
Neil McAllister, 13 Apr 2015
The Register breaking news

Colt narrows losses

Colt Telecom has improved its finances even though revenues failed to grow, the telco said today. Publishing the latest batch of numbers for the three months to March, Colt reported that revenue was flat at £307m compared to the same period last year. At the same time, pre-tax losses narrowed to £7.3m down from £28.4m. Earlier …
Team Register, 27 Apr 2006
management strategy3

Enormo reseller Insight hires former Cisco man to run EMEA services

Insight EMEA claims to have taken a step forward on the long and winding path to tech services glory by recruiting a former Cisco and PricewaterhouseCoopers consulting chief to head up a newly erected division. A pan-regional services team will be fronted by newly installed veep Rolf Adam, who mostly recently served as industry …
Paul Kunert, 30 Sep 2014
Empty racks awaiting customer kit at HP's Aurora data centre

Why carrier neutrality matters for 'proper hosting'

When you sign up for data centre services, it's easy to focus on the core stuff like uptime, cooling and cabinet availability, while forgetting that getting wide-area (private circuit or internet) links can sometimes be tricky. If you forget to examine how carrier-neutral your provider is, though, then you risk delays in moving …
Dave Cartwright, 08 May 2015
Leonidas, king of Sparta, as portrayed by Gerard Butler in the film 300. Pic copyright: Warner Bros

Data centre doesn't like your face? That's a good thing

Your company has decided, quite sensibly, that it wants to move its application infrastructure to a data centre rather than living with the risk of an on-premise approach. So how do you choose the data centre you should move to? Location Location is a compromise of locality versus suitability, but in my mind you should lean …
Dave Cartwright, 09 Apr 2015
The Register breaking news

Colt ups revs, narrows losses

Colt - the UK-based telecoms group that provides communications services to businesses - has managed to post slightly improved numbers. Turnover for the three months to the end of June was up 4.5 per cent to £316.7m compared to the same period last year. At the same time Q2 pre-tax loss fell from £28m to £26m. Part of that …
Tim Richardson, 21 Jul 2005
The Register breaking news

TDC sniffing around Colt - report

Danish telco TDC has declined to comment on a press report that it could be interested in snapping up Colt Telecom. Swiss IT business magazine, IT Reseller reports that TDC is about to buy Colt. A spokeswoman for TDC told The Register: "We have a policy not to comment on rumour or speculation, which this is." A spokeswoman …
Tim Richardson, 07 Apr 2005

Insight's EMEA prez: It's not our fault cloud sales are slow, blame the NSA

Services investments made by box-peddling shape shifter Insight Enterprises will start to pay dividends in Europe from next year, regional head honcho Wolgang Eberman has predicted. The exec joined Insight from the beginning of 2014 with the remit to gradually reduce its reliance on traditional on-premise software and hardware …
Paul Kunert, 30 Mar 2015
The Register breaking news

Colt shunts more jobs overseas

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 …
Tim Richardson, 20 Oct 2005
The Register breaking news

Colt takeover rumours 'unfounded' says boss

Colt Telecom dismissed speculation about its future as "unfounded rumours" as it unveiled its first quarter numbers today. Unveiling the figures, Chief exec Jean-Yves Charlier was quizzed about whether the alternative telco had been approached by potential bidders to buy-out the company, following a report two weeks ago that …
Tim Richardson, 21 Apr 2005
Lester firing an AR-16 at the gun range

American bacon cured with AR-15 assault rifle

It's been quite a week for the Low Orbit Helium Assisted Navigator (LOHAN) team, as myself and Edge Research Laboratory's David Patterson travelled to Spaceport America in New Mexico, and took delivery of the Vulture 2 spaceplane in Denver, picking up a couple of rocket motor reloads along the way. We covered plenty of road …
Lester Haines, 17 Dec 2014
Credit: Oren Schauble Licence: http://creativecommons.org/licenses/by-sa/3.0/

Small number of computer-aided rifles could be hacked in contrived scenario

The internet is reeling today at the "news" that a rare make of computer-aided gunsight can under certain circumstances be hacked into, permitting a hacker to interfere with a suitably-equipped rifle's aim. The gunsight in question is the much-hyped but seldom purchased TrackingPoint kit, a system with a Linux machine at its …
Lewis Page, 30 Jul 2015
The Register breaking news

Colt trots to Europe as it rejigs business

Colt Telecom is overhauling its corporate structure in a bid to generate profit, and is also looking to raise £300m in new equity which should help reduce its net debt to below £100m. At the same time, the telco is planning to domicile its business in mainland Europe and ditch its NASDAQ listing, though it insists it will …
Tim Richardson, 23 Feb 2006
The Register breaking news

Colt gets new MD

Telecoms outfit - Colt - has a new UK Simon Vye was, until recently, senior VP of sales and customer operations at Priority Telecom, a telecoms outfit in the Netherlands, Austria and Norway. He replaces Cedric Smith, who moves sideways to head up the company's blue chip sales force. ®
Tim Richardson, 03 Mar 2003
management social3

Life after Insight for execs swept away by new broom

A pair of former Insight Enterprises execs that exited last autumn in a wave of senior redundancies have emerged in pastures new, both at software firms. One-time EMEA marketing veep Ashley Gatehouse has rocked up at software asset management firm Crayon, with ex-Insight global sales veep Frank Bitoun landing in the same role at …
Paul Kunert, 25 Feb 2014

Colt to shed 1,000 jobs?

Colt Telecom could be about to shed 1,000 jobs amid the continuing difficult business environment facing the industry. According to insiders the jobs are due to go over the next couple of months with employees bracing themselves to find out if they are among those to face the chop. The Register understands that big losses …
Tim Richardson, 11 Sep 2002
The Register breaking news

Colt happy with paying top whack for spectrum

Colt has denied it paid over the odds for a spectrum licence that enables the development of private GSM mobile phone networks in office buildings or campuses. Details of the 1781.7-1785MHz paired with 1876.7-1880MHz spectrum auction were released today as regulator Ofcom confirmed that the 12 licences which have been awarded …
Team Register, 03 May 2006
The Register breaking news

Jobs axe falls at Colt

Colt Telecom has confirmed massive job cuts amid the continuing slump in the telecoms industry. Over the next year some 800 people will find themselves out on the street as Colt makes savings of £40m. Although the job cuts are a massive blow for those who work at the company, it's not as bad as first thought. Insiders had …
Tim Richardson, 27 Sep 2002
The Register breaking news

Colt revenues up, losses widen

Shares in Colt Telecom dipped 19p (15.8 per cent) in mid afternoon trading following the publication of widening Q3 losses. The voice and data carrier reported that its operating loss increased from £26 million in Q3 2000 to £52.3 million in Q3 2001. Revenues jumped 39 per cent to £231.4 million Despite the slowdown in …
Tim Richardson, 22 Oct 2001
The Register breaking news

Market sceptical on BT bid for Colt

ComputerWire: IT Industry Intelligence Excitement entered the moribund sector of Europe's new carriers yesterday with rumors that BT Group Plc is plotting a bid for Colt Telecom Group Plc, a move that supposedly had the backing of Colt's major shareholder New York investment bank Fidelity. Newspaper reports suggested that BT …
ComputerWire, 21 May 2002
The Register breaking news

Highberry fails to force Colt into administration

ComputerWire: IT Industry Intelligence An attempt by hedge fund Highberry Ltd to force the telecoms company Colt Telecom Group Plc into administration, has been thrown out of court. In the High Court in London, Mr Justice Jacob dismissed the claims of Highberry as "shaky, tentative and speculative peering into the middle …
ComputerWire, 30 Dec 2002
The Register breaking news

Falling prices hit COLT profits

COLT Telecom reduced losses for the three months ended 30 September 2004 and increased turnover seven per cent to £303.7m. Losses fell 11 per cent from £35.7m to £31.8m. But Ebitda (earnings before interest, taxes, depreciation, and amortization) fell 23 per cent from £43.3m to £33.4m. Chairman Barry Bateman said the …
John Oates, 20 Oct 2004
The NSA Unchained

Tuesday declared 'The Day we Fight Back' against NSA et al

A broad coalition of technology companies and activist groups has declared Tuesday, February 11th 2014 has been “The Day We Fight Back Against Mass Surveillance”. Timed to co-incide with the first anniversary of Aaron Swartz's death, the day has attracted support from some unsurprising sources – the Electronic Frontier …
Simon Sharwood, 10 Feb 2014
The Register breaking news

Court date set for COLT liquidation tussle

ComputerWire: IT Industry Intelligence Colt Telecom Group Plc faces a three-day hearing at the London High Court in December when a hedge fund takes legal action to try to push the pan-European carrier into liquidation. Highberry Ltd, which is part of New York-based Elliott Associates, claims that Colt will not have the funds …
ComputerWire, 06 Nov 2002
The Register breaking news

Cable & Wireless close to buying Colt Telecom

Cable & Wireless is very close to buying Colt Telecom if a report in Belgian newspaper Financieel-Economische Tijd is to be believed. According to the paper, quoting a source close to the talks, both companies are coming to the end of negotiations and a deal could be announced within six weeks. It does warn that the deal could …
Kieren McCarthy, 29 Oct 2001
The Register breaking news

Colt goes Dutch in DSL launch

Colt Telecom has started offering broadband DSL services in The Netherlands, the company announced today. Services are to be made available initially to business users in Amsterdam with Rotterdam, The Hague and Utrecht coming on line over the next few weeks. All in all Colt, plans to launch DSL-based services in nine European …
Tim Richardson, 14 Oct 2000

Missed the cloud bandwagon?

There continues to be a cacophony of marketing noise from technology vendors about their cloud strategies. While the announcements sometimes include messaging for their channel, many partners are still unsure of their future role in the industry. The Cloud and Technology Transformation Alliance (CCTA) reported that its survey of …
Peter O'Neill, 23 Nov 2012
The Register breaking news

Colt Telecom riding high after funding scare ends

Colt Telecom has dramatically recovered from funding worries today with the announcement that major shareholder Fidelity is to increase its stake from 47.7 per cent to 54 per cent. Colt said this morning it was planning to release 650 million new shares at 62 pence each in order to raise enough money for business expansion - …
Kieren McCarthy, 03 Oct 2001
Confused computer keyboard

Software-defined everything: So, WHEN is the 'future'?

The software-defined data centre concept has attracted considerable attention and hype, with its promise of reducing hardware costs and automating control of infrastructure. Backers of the idea say the SDDC will enable policy-driven management of resources, allowing applications to be deployed across commodity hardware to suit …
Team Register, 05 Jan 2015
The Register breaking news

Hedge fund that nearly brought down Peru wants COLT dead

A New York-based hedge fund wants to have COLT Telecom wound up. Highberry Ltd has notified the board of the alternative telco carrier that it seeking the appointment of an administrator. It says that COLT will not be able to repay or refinance its bonds when they become due between 2005 and 2009. COLT has today issued a …
Drew Cullen, 09 Oct 2002
The Register breaking news

Colt gets new chief

Colt Telecom Group plc has appointed Peter Manning as the company's new president and CEO. Manning, Colt's COO since April 1999, takes over from Paul Chisholm, who had earlier announced his intention to retire this year. Chisholm has been president and CEO of Colt for nine years. BT could be about to land a £225 million …
Team Register, 16 Jan 2001
The Register breaking news

Who should buy Colt?

The promise of convergence of wired, wireless and mobile services has shifted the perceptions of the main telecoms players, especially in Europe, radically in recent times - though as so often, the telecoms investment community has been slow to recognize the trend. It should have been obvious far earlier that operators with only …
Wireless Watch, 18 Apr 2005
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 of …

SolidFire snaps up $31m in funding, brandishes 3.4PB monster

Cloud flash array startup SolidFire has snagged $31 million in C-round funding and revealed a bad-ass flash array delivering up to 7.5 million IOPS - and a claimed 3.4PB capacity. That capacity in SolidFire's SF9010 is after dedupe, compression and thin provisioning have been applied, and with the maximum of 100 nodes ganged …
Chris Mellor, 26 Jul 2013

Don't get 2e2'd: How to survive when your IT supplier goes titsup

Analysis I used to know a finance director who had a favourite mantra: “Minimise fixed costs.” The concept's a simple one: by all means use permanent staff to deal with the aspects of your business that don't change much, but where your revenue streams go up and down, think of ways of allowing the cost of servicing those revenue streams …
Dave Cartwright, 11 Feb 2013