Colt profits hot by tough market

Telecoms group Colt saw its stock plunge 28% today as tough market conditions forced it into a profits warning.

Thu, 01 Jul, 2004 - 13:51

Telecoms group Colt saw its stock plunge 28% today as tough market conditions forced it into a profits warning.

The London-based firm blamed weak demand for data services which are more profitable than the other telecoms products it provides to the business sector.

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