SOURCE: COLT Telecom Group plc

August 01, 2005 02:31 ET

COLT Telecom Group PLC announces Bond Buyback

London -- (MARKET WIRE) -- August 1, 2005 --1 August 2005

COLT announces GBP11 million bond buyback

COLT Telecom Group plc (COLT) today announced that it had purchased GBP11.0 million (EUR16.0 million) nominal amount of the EUR402.5 million 2% Senior Convertible Notes due April 2007 for a cash outlay, including accrued interest, of GBP13.6 million since their last notification regarding this class.

The purchases were undertaken by COLT Telecom Group plc. COLT has no intention to sell the notes it has purchased and arrangements may be made in due course to cancel such notes.

EUR274.9 million nominal amount of the EUR402.5 million 2% Senior Convertible Notes due April 2007 remain outstanding.

For further information contact:

Gill Maclean
Head of Corporate Communications
Email: gill.maclean@colt.net
Tel: +44 20 7863 5314





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