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Colt announces results for 2011

Colt results highlights included:

Transformed our organisation structure to drive revenue through three customer-centric units

Introduced innovative, market leading compute and data centre services for both our enterprise and indirect customers and continued to lead in pan-European Ethernet network services

Increased our vertical sector capabilities through the acquisition of MarketPrizm

Full year revenue declined by 1.9% to €1,554.3 million as Voice declines continued to offset growth in Data and Managed Services

Data revenue growth of 0.5%. Ethernet continues to grow in excess of 10% largely offset by legacy data product declines

Managed Services revenue grew by 7.9% over 2010 driven largely by data centre revenue

Voice decline of 7.7% driven by regulatory-led reductions in termination rates. Carrier Voice returned to growth in H2 2011

Source: Colt

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