LONDON, June 27, 2003 (PRIMEZONE) -- Notification of Cancellation of Certain Notes:
COLT Telecom Group plc (COLT) (Nasdaq:COLT) (LSE:CTM) said today that further to its notifications of October 9, 2001, May 13, 2002 and March 17, 2003 and following the purchase of certain bonds by COLT Telecom Finance Limited that the bonds purchased had now been cancelled. Details of the further cancellations are given below.
$25.0 Million accreted principal amount of our $314 Million 12% Senior Discount Notes due December 2006;
DM3.7 Million accreted principal amount of our EUR600 Million 2% Senior Convertible Notes due August 2005;
EUR7.6 Million accreted principal amount of our EUR295 Million 2% Senior Convertible Notes due March 2006;
EUR4.8 Million accreted principal amount of our EUR368 Million 2% Senior Convertible Notes due December 2006; and
EUR17.4 Million accreted principal amount of our EUR402.5 Million 2% Senior Convertible Notes due April 2007.
About COLT
COLT Telecom Group plc is a leading pan-European provider of business communications services. COLT has over 16,000 network services and eBusiness customers. The company owns an integrated 20,000 kilometre network that directly connects over 9,000 buildings in 32 major cities in 13 countries augmented with a further 27 points of presence across Europe and 11 Internet Solution Centres. COLT supplies customers across the full spectrum of industry, service and government sectors with unrivalled end-to-end network security, reliability and service.
COLT Telecom Group plc is listed on the London Stock Exchange (CTM.L) and NASDAQ (COLT). Information about COLT and its products and services can be found on the web at www.colt.net.
This information is provided by RNS The company news service from the London Stock Exchange