Colt to Delist from Nasdaq and Relocate HQ to Continent

London -- Colt Telecom Group Plc, a U.K.-based
telecommunications operator, announced that it is overhauling its
corporate structure and looking to raise £300 million in new equity.
The company also announced that it is planning to relocate its
headquarters to the Continent and remove its shares from the
Nasdaq stock exchange. Colt said it decided to move to mainland
Europe because 80% of its business and 90% of its network
assets are located there. The company will maintain its listing on
the London Stock Exchange.
http://www.colt.net