6 May 2010
Colt, a leading provider of business communications and IT managed services, today announced that it has acquired the freehold of its existing 33 MVA data centre just outside London, for a cash consideration of £49 million (€57m) plus transaction costs. This investment will increase Colt’s capacity at the site from 4,500 square metres to in excess of 10,500 square metres.
The facility has been operating successfully for over two years, providing Colt customers with top quality Tier 3 data centre space, excellent resilience and high security. This new space is immediately available and customers will benefit from Colt’s proprietary capability to build out high quality data centre infrastructure at exceptional speed and with excellent power efficiency.
Rakesh Bhasin, Colt CEO said “As part of Colt’s strategy to become Europe’s leading information delivery platform, this acquisition will enable Colt to help more of our customers address their growing need for high quality, long term data centre infrastructure and managed services whilst at the same time tightly managing cost and environmental impacts. Colt is already an established quality player in this space and this acquisition re-affirms our commitment to that market.”
About Colt
Colt is Europe’s leading information delivery platform, enabling its customers to share, process and store their vital business information. Colt is an established leader in delivering integrated networking and IT managed services to major organisations, midsized businesses 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 19 Colt data centres.
Colt is listed on the London Stock Exchange (COLT). Information about Colt and its services can be found at www.colt.net.
Enquiries:
Gill Maclean
Senior Manager, Investor Relations
Email: gill.maclean@colt.net
Tel: +44 (0) 20 7863 5314
Paul Osgood
Director, Marketing Communications
Email: paul.osgood@colt.net
Tel: +44 (0) 20 7863 5015
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