| | Business Summary | | COLT
Telecom
Group
plc
provides
high-bandwidth
data,
Internet
and
voice
communication
services
in
Europe.
At
December
31,
1999,
it
operated
approximately
1,892
route
kilometers
(1,175
route
miles)
of
local
digital
fiber
optic
network
and
was
providing
service
to
customers
in
3,781
buildings.
COLT
currently
operates
networks
in
22
cities.
COLT
is
able
to
provide,
through
its
local
access
to
major
businesses
and
high-bandwidth
inter-city
links,
the
backbone
transmission
capacity
needed
for
transaction-based
services
on
the
Internet
and
had
over
1,000
business
Internet
customers
at
the
end
of
1999.
COLT
also
intends
to
provide
value-added
services
including
application
service
provider
enabling,
content
distribution
and
Web
hosting
services,
and
had
added
over
120,000
square
feet
of
hosting
accommodation
in
London,
Paris,
Frankfurt
and
Amsterdam
at
the
end
of
1999. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | COLT
provides
local
telecommunications
services
in
London,
England
and
Frankfurt,
Germany,
where
it
owns
and
operates
over
1,892
route
meters
of
digital
fiber
optic
networks.
For
the
six
months
ended
6/30/01,
revenues
rose
53%
to
L433.5
million.
Net
loss
under
U.S.
GAAP
rose
59%
to
L92.8
million.
Results
reflect
growth
in
both
UK
and
continental
European
markets,
offset
by
increases
in
interconnect/network
costs,
and
higher
personnel,
office,
marketing
and
IT
expenses. | | More
from
Market Guide: Significant
Developments |
| | Officers | |
| Position | | James Hynes, 51 | Chairman | | Peter Manning | Pres,
CEO |
| More
from
Market Guide on Officers & Directors:
Expanded
List, Bios,
Compensation,
Options
|
|
![[one-year price graph]](http://chart.yahoo.com/c/0b/c/colt.gif)