Colt shareholders grab Fidelity offer, declare 'we're outta here'

Reluctant telco Colt is edging closer to private ownership again, after a bunch of shareholders approved a 190-pence-per-share offer from private equity firm Fidelity to flee the loss-making biz. Fidelity was already a majority share owner in Colt when it approached the LSE-listed cloud wannabe in June, with a bid that values …

[Anonymous Coward]

Colt dropped the 'Telecom' element of its brand some years back.....

along with customer support, project management and any clue what they are doing when it comes to telecoms.

Hopefully much of the board will be kicked out and it returned to a working company again.

[Fatman]

Re: Colt dropped the 'Telecom' element of its brand some years back.....

<quote>Hopefully much of the board will be kicked out and it returned to a working company again.</quote>

Let's not stop there, while you are at it, drag out the incompetents in senior senile manglement.

[Anonymous Coward]

Rakesh Bhasin was the most incompetent CEO I have ever had the displeasure of working with. Frequent changes of strategy, failure to delivery anything, favouritism and pushing out actual good and talented people.