BT buys Infonet in key global expansion move
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In a move to strengthen its position as a global provider of IT and networking services, BT Group PLC has agreed to buy U.S.-based Infonet Services Corp., the companies announced Monday.
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UK telecoms giant BT plans to double its workforce over three years in India and boost revenues.
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(InfoWorld) - U.K. telecommunications carrier BT Group plans to extend its enterprise services offering in the U.S. with the acquisition of International Network Services. The Santa Clara, California, company's services include information risk management and infrastructure transformation, and consulting on business productivity and on enterprise architecture and governance. The acquisition will add 900 staff to the 7,000 already working in BT's global professional services units. INS will become a wholly owned subsidiary of BT, part of its Global Services division, as a result of the acquisition. Its CEO, David Butze, will report jointly to Chuck Pol, president of BT Americas, and to Gary Bullard, president of BT Global Business and Services. BT will pay just over Â£100 million ($196 million) for the company, and expects the deal to close in a few weeks, a spokesman said. INS' last audited accounts, in September 2005, reported gross assets of $49.7 million. In October,Â BT bought another California company, U.S. consultancy Counterpane Internet SecurityÂ for a price it said was in the "tens of millions of dollars." Counterpane, with a staff of 75, monitors and protects the networks of around 550 companies.
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Mobile phone operator Vodafone Group Plc  confirmed on Monday its plan to enter the cut-throat fixed-line  broadband Internet market via a deal with the wholesale arm of  telecoms firm BT Group Plc.
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BT has made a $965mn bid for California-based telecommunications services provider Infonet. The deal is subject to approval by Infonet&#39;s shareholders and regulatory authorities and if given the go-ahead is
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BT Group buys out its partners in loss-making Italian telecoms firm Albacom, as it continues its expansion into business services.
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Thomson Corp. has signed a definitive agreement to buy closely held online learning provider KnowledgeNet Inc., the electronic publisher said yesterday.
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In the latest of a flurry of deals among net providers, Claranet buys the UK wing of US business Via.Net Works.
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BT Group is poised for a surprise return to the US market with a planned US$1 billion acquisition of Infonet Services, a California-based telecom service provider.
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BT Group Plc, the UK&#39;s largest phone company, plans to buy Infonet Services Corp. to add a data network spanning more than 180 countries, people familiar with the matter said.
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In the latest of a flurry of deals among internet service providers, UK firm Claranet buys the UK operations of US business Via.Net Works for Â£7.3m.
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BT Group is poised for a surprise return to the US market with a planned $1bn acquisition of Infonet Services, a California-based telecoms service provider.
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New Delhi, Nov 8. (PTI): British Telecom (BT) announced today that it has signed an agreement to acquire Infonet, a leading provider of IT and telecom services, for a consideration of $865 million.
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Telecoms group BT bolstered its worldwide presence today by unveiling plans for a landmark acquisition costing almost one billion US dollars.
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BT grows global presence but shares fall as investors doubt former monopoly can play in US market. LONDON  - BT Group PLC will buy Infonet Services Corp.
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Lenovo Group&#39;s takeover of IBM&#39;s personal computer business is a giant step in a multibillion-dollar foreign expansion by corporate China, which is buying auto, television and telecommunications companies abroad.
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(InfoWorld) - BT Group hopes to recycle some of its expertise from building a next-generation all-IP (Internet Protocol) network in the U.K. by offering consultancy services to network operators in other countries. The new business unit, 21C Global Venture, which is named after the operator's 21st Century Network (21CN) project,Â was announced WednesdayÂ during a press conference at the International Telecommunication Union Telecom World conference and exhibition in Hong Kong. The 21CN project is one of the most ambitious network overhauls of its kind in the world. BT is replacing its 16 legacy voice and data networks with a new network built entirely on IP technology. Last month, BTÂ connected the first 100 consumers to the next-generation networkÂ (NGN). By the end of the decade, the operator aims to have the bulk of the country's 30 million lines converted to IP. "We have acquired substantial know-how in planning, designing and building a NGN over the past few years," said Paul Reynolds, chief executive officer of BT Wholesale. "We can use this experience to help other operators around the world with their NGN plans." The new unit will compete with numerous consultancies and equipment manufacturers also vying for a chunk of the emerging NGN market. It will draw on a pool of in-house experts, including the engineers that designed the U.K. network, according to Karsten Lereuth, president of the Global Telecom Markets unit of the BT Global Services division. "We will pull in people from all of our units, depending on the area of expertise required by a customer, and will provide local support," Lereuth said. " BT Wholesale has around 500 customers in more than 100 countries, generating nearly half of the group's total revenue, according to Reynolds. In Honk Kong, BT also announced a maintenance service contract withÂ newly merged Alcatel-Lucent. As part of the contract, worth $350 million, Alcatel-Lucent will offer the operator a single point of contact for equipment maintenance and spare parts management. Telecom World runs through Friday.