P&TLuxembourg, Luxembourg's leading telecom operator, today announced a co-operation agreement with Colt, a leading European provider of business communications.
Through their respective investments in networks and systems, P&T Luxembourg and COLT will deliver international world class products and services such as connectivity and value added services to corporate customers, particularly the financial community.
The cooperation agreement has created new opportunities for the electronic communications sector in Luxembourg. COLT's and P&T's interconnected networks are especially designed to boost the international connectivity market and to develop Luxembourg as a major, reliable and secure international gateway, allowing connections of 10 Gb/sec and beyond.
Mr. Marcel Gross, CEO of P&TLuxembourg said: "The enhanced collaboration with COLT is a key element of P&T's international offering. It will enlarge the scope of international products and services offered to a demanding customer base, and reduce time-to-market to offer new international services, especially to the financial services sector."
Mr. Henri van der Vaeren, Managing Director, Country Division, COLT said: "Luxembourg is a location of increasing importance to our customers, particularly those in financial services. Our agreement with P&TLuxembourg brings us two very positive advantages in this market: we extend our coverage with the best quality local operator to serve our pan-European customers, and we leverage our unique assets to serve the international telecom and international data centre needs of local P&T customers."