Sale of Fitec Subsidiary

RNS Number:5299T
Colt Telecom Group PLC
22 December 2003



22 December 2003



                  COLT SELLS ITS FITEC SUBSIDIARY TO DEVOTEAM


COLT Telecom Group plc (COLT) announced today that it had sold its software
services subsidiary, Fitec, to Devoteam.


Commenting on the disposal COLT President and CEO, Steve Akin said: "As we
continue to refocus our product portfolio the majority of services provided by
Fitec are no longer core to our business."


About COLT


COLT Telecom Group plc is a leading pan-European provider of business
communications services. COLT has over 17,000 network services and data centre
solutions customers. The company owns an integrated 20,000 kilometre network
that directly connects 32 major cities in 13 countries augmented with a further
42 points of presence across Europe and 11 Data 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


About Fitec


Founded in 1992 and based in France, Fitec is a value added services integrator
providing design, implementation and management services. It was acquired by
COLT in 2001 and subsequently renamed COLT eCustomer Solutions France SAS and
specialises in providing technical solutions that optimise the information
systems supporting e-business applications.


About Devoteam


Devoteam is a European IT consulting group.


Combining consulting and technology solutions enables Devoteam to provide its
customers with independent advice and effective solutions that meet their
strategic objectives (IT performance and optimisation) in complementary areas:
networks, systems infrastructure, security and e-business applications.


The group achieved a turnover of 136 million euros for 2002 and has 1,400
employees through seven European countries (Austria, Belgium, Denmark, Spain,
France, Holland, UK). Devoteam is listed on the Euronext Paris Nouveau Marche.


Contact:

John Doherty, Director Corporate Communications        Tel: [phone]

Gill Maclean, Head of Corporate Communications          Tel: [phone]







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