It may have taken more than a decade, but one of Britain’s more obscure telecoms companies has finally started to deliver on its promises, reporting its best quarterly performance since the tech boom.
Colt Group increased its revenue in the first quarter by more than 5 per cent to €397 million (£324 million). Operating profit also rose by 5 per cent to €81 million.
Most surprising was that this was driven by growth in voice revenue, which has been in steady decline for years. Colt has introduced a new platform for voice calls that means it can turn a small profit on business that other companies have started to abandon because of its low-margin status.
via Its bubble may have burst, but Colt is on the rise once more | The Times.
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