COLT signs new €multi-million contract for managed data centre service

COLT, a leading European provider of business communications, today announced it has signed a new 10-year contract, with an annual value of several million Euros, to provide data centre and managed services to a major global financial institution. Specific details of the contract remain confidential.

COLT will provide a purpose-built 1,000 square metre facility at its newest UK data centre, situated just outside the M25, which was opened in late 2007. The data centre is being built out in phases using the latest data centre technology to meet particular demand from the financial services sector for minimal latency connectivity to the City of London, as well as high security, dedicated power and low environmental impact.

Commenting on the announcement, Detlef Spang, Managing Director, Major Enterprise Division at COLT said, 'This new contract confirms our continued leadership in the data centre and managed services market. In today's economic environment, we are seeing marked demand from customers, both in the UK and across Europe, for high quality managed and outsourced services. These services are key in helping businesses reduce capital expenditure and improve the overall efficiency of their IT organisation.'

COLT operates 18 data centres located in European's leading business centres, all integrated with its extensive European fibre network. COLT is focused on expanding its managed services capabilities in the next few years, building on its unique infrastructure, so that it can meet increasing customer demand for managed infrastructure and application services.  

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About COLT

COLT is a leading European provider of business communications. COLT specialises in providing data, voice and managed services to major businesses, SMEs and wholesale customers. COLT operates a 13-country, 25,000km network that includes metropolitan area networks in 34 major European cities with direct fibre connections into 16,000 buildings and 18 COLT data centres.  

COLT Telecom Group S.A. is listed on the London Stock Exchange (COLT). Information about COLT and its services can be found at www.colt.net. 

For more information, please contact:

Kirstie Phimister

Tel: + 44 (0) 20 7390 3255

Email: coltinvestorrelations@colt.net