By Tony Hallett, 14 July 1998 14:27
NEWS Colt Telecom will issue shares and debt worth £600m to fund the further roll-out of its pan-European network. The thriving operator - which targets lucrative corporate customers in Europe's main urban areas - said it will expand its network from 12 to 26 cities. The plans were announced as the company posted strong interim results. Turnover of £81.7m for the first six months of 1998 exceeded total revenues for the whole of 1997, and gross profits increased almost threefold to £15.2m.
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