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A black market for coltan â a strategically important mineral used in an array of electronic devices â has emerged in the Amazon jungles that cover the border area between Colombia, Venezuela and Brazil. In Venezuela and most of Colombia coltan mining is illegal, yet small-scale miners and buyers are plentiful.
History [edit]. Colt was founded in 1992 by Jim Hynes with funds provided by Fidelity Investments as City Of London Telecommunications. The company began to construct a telecoms network in London. In 1993 it was awarded a licence to compete with British Telecom and Cable and Wireless in voice and data transmission.n 12 November 2014, Colt acquired KVH, a Japanese Telecom service provider, helping Colt to expend its capability in the growing Asian market. In August 2015 the company was acquired by Fidelity Investments.