Born almost 25 years ago as City Of London Telecom, Colt has traditionally had a base close to the capital’s financial district to cater for its local clientele.
Having since expanded overseas and after bringing in Carl Grivner as its new CEO back in January, the company has continued to grow and has invested in a new head office to cater for the growth.
The new premises at 20 Great Eastern Street allows Colt to move with the times, positioning itself close to London’s Silicon Roundabout, the heart of East London Tech City and UK home of tech start-ups.
Grivner said: “Colt has made a quarter of a century of investment in the City of London and for evidence of this you don’t have to look any further than in the streets where we have built our fibre.
“Colt recognises that the technological development incumbent on network operators is not just about reliability or meeting today’s needs.
“Our task is to prepare the world for enormously greater need for bandwidth through enabling the digital transformation of business.
“The future is about enabling gigabit speeds and high quality connectivity, across the city, the country and the world.”
London’s deputy mayor for business, Rajesh Agrawal, added: "Colt's decision to expand to new premises in the heart of Tech City is further evidence that London's strength as a tech hub keeps on growing.
“The capital's vibrant tech scene is the envy of Europe and Colt's continuing commitment is another sign that London is open to talent, innovation and entrepreneurship from around the world."
The move is also set to see Cold hire over 300 new sales people, some of which will join the existing 700 UK employees at Colt House.
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