Sunday, 22 April 2018

Colt exits IT services, cuts execs

By Mary Lennighan, Total Telecom
Tuesday 30 June 15

U.K.-based operator says it will retain its focus on cost-cutting; move not related to Fidelity buyout offer.

Colt on Tuesday announced that it will stop offering IT services as part of a business restructuring that will see it focus on its core infrastructure operations. The U.K. operator said it will carry out a controlled exit from IT services in the next two to three years; it will continue to serve existing customers but will not seek new business. The move comes just over a year after the telco announced plans to pull out of the carrier voice space in order to concentrate on four areas…

Colt on Tuesday announced that it will stop offering IT services as part of a business restructuring that will see it focus on its core infrastructure operations. The U.K. operator said it will carry out a controlled exit from IT services in the next two to three years; it will continue to serve existing customers but will not seek new business. The move comes just over a year after the telco announced plans to pull out of the carrier voice space in order to concentrate on four areas…

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