Colt and Deutsche Telekom have signed a five-year deal designed to improve the voice services they provide to the enterprise market.
UK-based Colt said it would use DT’s network interconnects to complement its footprint, allowing it to “expand and strengthen” its portfolio of voice services for both wholesale and enterprise customers.
The company provides network and IT service to customers that include 18 of the top 25 bank and diversified financial groups.
In return, DT’s International Carrier Sales and Solutions’ arm will get access to Colt’s voice portfolio and network in Europe, allowing it to better support its customers.
The two companies said European enterprises had “an increasing need” for high-quality international voice services.
The said the deal would enable them to benefit from lower network and voice termination costs outside their network footprint without the requirement of extensive investments.
Richard Oosterom, Executive Vice President, Voice Services, at Colt commented: “We see an increasing demand for services from enterprise customers that require support not only in one country, but in several countries in Europe and beyond.
“Collaborating with Deutsche Telekom ICSS allows us shorten the time to expand and strengthen our offering and with considerably less risk than doing it by ourselves from the ground up, enabling us to better meet the requirements of our customers and retain our leadership position in the European telecoms market.”
Holger Magnussen, Senior Vice President of International Carrier Sales & Solutions at DT, added: “Working together means that we can improve our existing offering for the benefit of our customers.
“It also presents a great opportunity to collaborate on new products to attract new customers who might not have had us on their radar before.”