BT set to re-enter US market with $1bn purchase
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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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LONDONâWPP Group PLC, the London-based advertising giant, said yesterday it was buying US-based Grey Global Group Inc. in a $1.52 billion (US) cash and stock deal.
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BT Group has extended an existing human resources outsourcing deal with Accenture with a new 10-year contract valued at Â£306 million ($576 million), the companies announced Wednesday. The deal will begin in August and will cover BT's HR functions in 38 countries for all of its 97,000 employees and 180,000 BT pensioners. The previous five-year outsourcing contract only covered employees in the U.K. Accenture will provide services such as customer contact, recruitment, pension administration, payroll, and benefits administration. The business process outsourcing (BPO) contract with London-based BT also has a consulting, or what companies like IBM are increasingly calling "transformation," element to it. As part of its consulting role, Accenture will create a "transition program" with BT before the August roll-out of the contract.
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BAE Systems North America Inc. will buy DigitalNet Holdings Inc., for about $600 million, including DigitalNetâs $93.25 million debt, the two companies announced Saturday.
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Advertising giant WPP is to buy US firm Grey Global, in a deal which could be worth as much as Â£750m ($1.3bn). The UK-based group won the auction for Grey Global, the seventh-largest advertiser in the US, against
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LOS ANGELES -- Britain&#39;s largest fixed-line telephone company, BT Group PLC, agreed to acquire El Segundo, Calif.,-based Infonet Services Corp.
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Britain's BT Group Plc  is hoping to make a dramatic return to the United States with a &#36;1 billion acquisition of Californian telecoms group Infonet Services Corp. , the Sunday Times newspaper reported.
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BERLIN: BT Group Plc, Britain&#39;s largest phone company, plans to buy Infonet Services Corp. for US$965mil to add a data network spanning more than 180 countries.
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LONDON BT Group said Monday that it was buying Infonet Services, a US-based company that provides global data-communications services, for $965 million to gain more clients in North America and Asia.
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LONDON : Britain&#39;s BAE Systems said it had agreed to buy DigitalNet Holdings Inc, a provider of computer networks for the US government, for 600 million dollars (489 million euros) in cash.
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MOBILE phones giant Vodafone is expected to announce this week that it has struck a deal with BT allowing it to sell residential broadband access to its British customers.   BT will supply fixed-line broadband access wholesale to Vodafone, which will then repackage it under its own brand.
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Ziff Davis - Industry analysts say there are many pluses to BT buying Infonet Services, including giving BT more resources to be a more effective global networking player.
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Telecom giant BT has revealed its plans to develop a large wireless broadband network in London
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UK telecom giant BT announced its best-ever quarter in terms of wholesale broadband connections. In the three months to Sept. 30, the carrier had more than 600,000 new connections.
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BT is launching a digital music service designed to &quot;revolutionise&quot; the industry and give power back to artists, labels and traditional retailers at the expense of new entrants into the market such as Apple&#39;s iTunes.
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TELECOMS group BT will bid this week for a Â£4bn Ministry of Defence contract to stitch together IT systems for Britain&#39;s armed forces.
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BT Group has sold its stake in the satellite operator Eutelsat as part of a growing focus on its core business. The sale marks BT&#39;s exit from the satellite business and ends a 25-year-old tie with the operator which it helped co-found in the late 1970s.