Industry | Telecoms, Managed services |
---|---|
Founded | 1992 (London) |
Founder | Jim Hynes |
Headquarters | London, England, UK |
Area served | Europe United States Asia |
Key people | Michael Wilens (Chairman) Keri Gilder (CEO) [1] |
Parent | Fidelity Investments |
ASN | |
Website | www |
Colt Technology Services Group Limited (formerly COLT Telecom Group S.A.) [2] is a multinational telecommunications company headquartered in London, United Kingdom. It was listed on the London Stock Exchange and was a constituent of the FTSE 250 Index until it was acquired by Fidelity Investments in August 2015. "Colt" stood for City Of London Telecom.
Colt was founded in 1992 by Jim Hynes with funds provided by Fidelity Investments as City Of London Telecommunications. [3] The company began to construct a telecoms network in London. [3] In 1993 it was awarded a licence to compete with British Telecom and Cable and Wireless in voice and data transmission. [3] It was first listed on the London Stock Exchange in 1996. [3] The group later expanded into Europe, building networks in major European cities over the next 10 years. [3]
In 2001 Fidelity helped the Company to raise a further £400m to finance its future activities. [4] In 2005 the company reached its first year of positive cash flow, and in 2007 its first year of profit. In April 2009 Colt completed an Open Offer raising €199.1m (including a €9.7m foreign exchange gain) before expenses with the issue of 211.0 million shares. [5] In 2010 Colt rebranded from COLT Telecom to Colt Technology Services, deleting the acronym City of London Telecommunications to reflect its pan-European nature. In May 2011 Colt acquired a majority shareholding in MarketPrizm, a provider of low latency market data and trading infrastructure services. [6]
In August 2012 Colt acquired a majority shareholding in ThinkGrid, a cloud platform for delivery of hosted services [7]
On 12 November 2014, Colt acquired KVH, a Japanese Telecom service provider, helping Colt to expand its capability in the growing Asian market. [8]
In August 2015 the company was acquired by Fidelity Investments. [9]
On 2 November 2022, Colt entered into agreement to acquire Lumen Technologies' Europe, Middle East and Africa (EMEA) business for $1.8 billion. [10]
The parent company's main centre of operations is based in the United Kingdom. [11]
The Proximus Group is a provider of digital services and communication solutions operating in Belgium and international markets. In Belgium, the company offers its main products and services under the brands Proximus, Scarlet, and Mobile Vikings. The Group also operates in Luxembourg as Proximus Luxembourg SA, with the brandsTango and Telindus Luxembourg, and in the Netherlands as Telindus Netherlands. Internationally, activities are carried out by BICS and Telesign. Proximus Accelerators is the ecosystem of IT partners Be-Mobile, ClearMedia, Codit, Davinsi Labs, Proximus Spearit and Telindus.
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Uganda Telecommunications Corporation Limited (UTCL), also (UTel), is an information and communication technology network company in Uganda owned by the government of Uganda. UTel acquired the assets and some of the liabilities of the defunct Uganda Telecom Limited (UTL) which was also owned by the Ugandan government. UTL was previously in receivership which it entered after the Libyan company that owned about 69 percent shares abandoned the investment in 2017.
KVH Co., Ltd., previously known as KVH Telecom, was founded by Fidelity Investments in 1999 as an Asia-Pacific IT/communications service provider. Through its facility-based optical fiber networks, data centers, and cloud services platform, KVH is an information delivery platform providing integrated IT and communication solutions to enterprise businesses. KVH serves media, manufacturing, carrier, and financial services as its key customer segments, and offers all customers bilingual support in Japanese and English.
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