Wednesday, 13 December 2017

Colt swings to 1H loss

By Nick Wood, Total Telecom
Friday 31 July 15

Restructuring charges, currency fluctuations, higher operating costs hit U.K.-based telco's earnings.

Colt on Friday posted a hefty net loss for the first half of 2015, driven by restructuring charges and currency fluctuations. The U.K.-based telco generated revenue of €790.8 million during the six months to 30 June, down 1.3% on a constant currency basis as the company's withdrawal from the carrier voice market offset the revenue contribution from KVH…

Colt on Friday posted a hefty net loss for the first half of 2015, driven by restructuring charges and currency fluctuations. The U.K.-based telco generated revenue of €790.8 million during the six months to 30 June, down 1.3% on a constant currency basis as the company's withdrawal from the carrier voice market offset the revenue contribution from KVH…

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