Colt Telecom has announced plans to invest more than €1m in an expansion of its telecommunications network in Ireland. The money, which comes from capital expenditure, will support key customers and future growth.
The expansion follows news that Colt increased its revenues by 100pc over 2003, with growth in its data division as well as some significant contract wins for its voice services. The business telecoms provider will now expand its network to business areas in the greater Dublin area including Sandyford Industrial Estate, South County Business Park and Central Park.
The company is also launching a new high-speed switching service aimed at providing its customers with high bandwidth local area network and storage area network services.
Colt is also currently trialling a WiMax wireless networking solution in Dublin as a complementary offering to its fibre network. The company said WiMax would enable it to provide SMEs with a range of data, voice and managed services at competitive rates.
Gary Keogh, managing director of Colt Telecom Ireland, said he was confident the company could further grow its share of the business telecoms sector. As part of the expansion, Colt recently strengthened its management team with the appointment of Ken Sherry as head of operations and Pat MacMahon as financial director.
By Gordon Smith