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 | colt |
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]
BT Group plc is a British multinational telecommunications holding company headquartered in London, England. It has operations in around 180 countries and is the largest provider of fixed-line, broadband and mobile services in the UK, and also provides subscription television and IT services.
Fidelity Investments, formerly known as Fidelity Management & Research (FMR), is an American multinational financial services corporation based in Boston, Massachusetts. Established in 1946, the company is one of the largest asset managers in the world, with $4.9 trillion in assets under management, and, as of December 2023, $12.6 trillion in assets under administration. Fidelity Investments operates a brokerage firm, manages a large family of mutual funds, provides fund distribution and investment advice, retirement services, index funds, wealth management, securities execution and clearance, asset custody, and life insurance.
Hellenic Telecommunications Organisation S.A. is the largest technology company in Greece. It is one of the three largest companies listed in the Athens Stock Exchange, according to market capitalization.
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PT Telekomunikasi Indonesia (Persero) Tbk officially shortened into PT Telkom Indonesia (Persero) Tbk, also simply known as Telkom, is an Indonesian multinational telecommunications conglomerate with its corporate headquarters in Bandung and its operational headquarters in the Telkom Landmark Complex in Jakarta. Telkom is listed on the Indonesia Stock Exchange and has a secondary listing on the New York Stock Exchange—the only Indonesian company, currently listed there. The government of Indonesia owns over half of the Telkom's shares outstanding.
Globe Telecom, Inc., commonly shortened as Globe, is a major provider of telecommunications services in the Philippines. The company operates the largest mobile network in the Philippines and one of the largest fixed-line and broadband networks. As of November 2023, Globe has 54.7 million subscribers, making it the second largest network in terms of subscriber base.
Ooredoo QSC is a Qatari multinational telecommunications company headquartered in Doha. Ooredoo provides mobile, wireless, wire line, and content services with market share in domestic and international telecommunication markets, and in business and residential markets.
Chunghwa Telecom Company, Ltd. is the largest integrated telecom service provider in Taiwan, and the incumbent local exchange carrier of PSTN, Mobile, and broadband services in the country.
Hutchison Asia Telecom Group or HAT, is a division of Hong Kong-based multinational conglomerate CK Hutchison Holdings. The division provides telecommunications services to several Asian countries. The division was formerly incorporated as Hutchison Telecommunications International Limited, known as Hutchison Telecom or HTIL in short. It was an offshore company in the Cayman Islands and a listed company in the Stock Exchange of Hong Kong. It operates GSM, 3G and 4G mobile telecommunications services in Indonesia, Sri Lanka and Vietnam under brands 3, Hutch and Vietnamobile.
WorldCall Telecom Limited is a Pakistani telecommunication and multimedia service provider based in Lahore, Pakistan. It is listed on the Pakistan Stock Exchange.
Lumen Technologies, Inc. is an American telecommunications company headquartered in Monroe, Louisiana, that offers communications, network services, security, cloud solutions, voice, and managed services. The company is a member of the Fortune 500 and has been on the S&P 500 index since 1999.
James P. Hynes is the founder of COLT Group, one of the United Kingdom's largest telecommunications businesses.
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.
VEON Ltd. is a Dutch-domiciled multinational telecommunication services company. It predominantly operates services in the regions of Asia, Africa and Europe. It is the 13th largest mobile network operator in the world by number of subscribers. The company operates in six markets including Bangladesh, Kazakhstan, Kyrgyzstan, Pakistan, Ukraine and Uzbekistan, VEON announced the sale of its Russian operations on 24 November 2022. VEON's brands include Kyivstar, Jazz Pakistan, Banglalink and others.
GTT Communications, Inc. (GTT), formerly Global Telecom and Technology, is a multinational telecommunications company and managed network and security service provider headquartered in Arlington, Virginia. GTT operates a Tier 1 IP network and provides Internet; wide area networking, SD-WAN; network security, managed services; and voice and video transport services.
Viatel Technology Group is a Dublin-based technology company, founded from some of the elements of the Nasdaq-quoted US technology company of the same name but now part of a holding with Digiweb, focused primarily on the Irish market.
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Zayo Group Holdings, Inc., or Zayo Group, is a privately held company headquartered in Boulder, Colorado, U.S. with European headquarters in London, England. The company provides communications infrastructure services, including fiber and bandwidth connectivity, colocation and cloud infrastructure. Zayo's primary customer segments include wireless carriers, national carriers, ISPs, enterprises and government agencies. Zayo Group was built largely through acquisitions; it took over thirty companies from 2007 to 2014, including AboveNet and 360networks. The company completed an initial public offering of stock raising $600 million in 2014. In 2020, Zayo Group was taken private by global investment firms EQT AB and Digital Colony Partners in a deal valued at $14.3 billion.
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