Colt Telecommunications Ltd, financed largely by privately- held Boston, Massachusetts-based fund manager Fidelity Capital Corp has officially launched its telecommunications network in Frankfurt, Germany. Formerly known as City of London Telecommunications Ltd Colt has concentrated on the finance, government, media and insurance markets. During 1995, Colt’s revenue grew by 273%, and the company intend to use its Frankfurt license to extend its reach into Europe. Marketing director Jerry Morris said Colt plans to have at least some infrastructure in place before 1998’s telecommunications deregulation. A 14-mile fiber-optic network has already been installed in Germany and the company has license applications pending in France, Italy and Spain. By the end of the year Colt said it is looking to have representation in eight financial centers across Europe.
