Who we are
Colt provides a range of information and communication services to enterprises across cities in Europe, Asia and North America.
We have an extensive international next-generation network together with deep local fibre access, colocation and IT service assets in key cities and information hubs in 28 countries across Europe, Asia and North America. This allows us to provide customers with seamless end-to-end capability across technologies and geographies. Our pioneering Ethernet and IP networks connect 47 metropolitan area networks, over 200 cities and over 22,000 buildings. Colt operates 29 data centres globally, with 22 in Europe and seven in Asia.
We directly serve thousands of enterprise customers ranging from large multinational companies to midsized businesses. We provide industry-relevant solutions to a selection of industries that are intensive users of information and communication services. We also serve wholesale customers such as carriers, and indirectly serve SME customers through channel partners.
- We are focused on driving value through delivering network, voice, data centre and IT services and solutions to businesses. Our unique asset base, combining international reach with local depth in key cities and information hubs in Europe, Asia and North America, means we are well positioned to take advantage of the opportunities from the continuing growth in enterprise communications and IT outsourcing. Our global operations are supported by our shared service centres. As we expand to new cities, this structure provides the opportunity for improved operational efficiency and profitability.
- At the end of the year we completed the acquisition of KVH, a similar business to Colt operating in Asia, expanding our capability in several key cities and strengthening our service capability as a global provider of network, voice, data centre and IT services.
- Our strategy is defined by three priorities: a focus on key markets, delivering an exceptional customer experience and optimising the use of our assets. During 2014 we completed the restructuring of Colt along four lines of business: Network, Voice, Data Centre and IT Services; increasing the focus on our assets, providing end to end ownership and responsibility for revenue, profits and cash returns and enhancing visibility of performance and delivery.
- Colt Group financial performance in 2014 reflects this ongoing transformation of our business, with a disappointing first half followed by a second half that delivered to expectations: Our Network Services business mix is evolving, with a decline in legacy SDH connections being countered by growth in managed networking; Voice Services performance reflected our proactive withdrawal from low margin carrier voice trading contracts; IT Services underperformed with the business in transformation from traditional platforms to cloud solutions; Data Centre Services grew, but slower than the market rate as it only recently refocused on retail colocation. We expect the completion of the transformation in 2015 should result in improved performance towards the end of the year.
- Our balance sheet strength and debt capacity allows us to support the necessary organic and inorganic investments to deliver our strategy. There is unlikely to be any near-term distribution of dividends as we maximise value generation for shareholders by investing in the full execution of our strategy.