The significant announcement from Colt this morning is not so much its expected drop (of 1.9%, to €1.55bn) in full-year revenue, but rather the confirmation that the company expects to deliver revenue growth in 2012. Shares in the company are up 1.2% in early trading.
The company went through a lot of organisational change in 2011. But with the new shape now in place, it appears Colt will finally be able to offset the decline of its voice business with growth from its data services.
There is a call with Colt management on both the results and the outlook this morning. So we will bring HotViewsExtra readers more details and reflections following that.