"In 2009 Colt maintained momentum against a backdrop of economic uncertainty and challenging markets. We grew Data and Managed Services revenue and delivered improved EBITDA. We are proud of our position as a market leader for Ethernet services and are establishing ourselves as a leader in providing the information delivery platform for Europe. Our unique infrastructure means we can deliver the highest levels of security, performance and reliability in the industry.

“Whilst financial markets responded positively in 2009, we still believe that a note of caution is required regarding the pace and timing of macro economic recovery. Whilst our business plan does not rely on a rapid economic recovery, we believe that confidence will start to return during 2010 to those customers who have delayed or reduced their IT expenditure plans. In these uncertain times the strength of our balance sheet means we are well placed to respond to opportunities and to benefit from an economic upturn.”

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