European bandwidth provider, Colt Telecom, after getting its clocked cleaned in the most recent quarter, where losses totaled to about $57.8 million is now looking to accelerate its growth by getting into the WiMAX game, reports Unstrung.

In a presentation to analysts and investors in London today, new CEO Jean-Yves Charlier outlined the company’s strategy to hit profitability, focused on its ability to “accelerate revenue growth” and “deliver positive cash flow and profits.” Central to this strategy, it seems, is a deployment of nascent 802.16 wireless MAN technology. “There is still a lot of headroom in our business to drive down costs,” explains Charlier. “We will be in Q1 of next year one of the first companies in Europe to trial WiMax, looking at using WiMax technology to connect multiple customers in a given building to our fibre backbone. These are opportunities we believe exist to help drive down the cost of connecting a customer to our network.”