BT Group to buy US Infonet for 520m pounds
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Telecoms operator BT Group said it had agreed to buy Californian voice and data network service provider Infonet Services Corp for 965 million dollars (520 million pounds).
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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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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  - Reuters, the British news and data provider, said it had agreed to buy US financial information firm Moneyline Telerate for 175 million dollars.
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BT Group PLC said Monday it is buying U.S.-based Infonet Services Corp., in a deal that values the company at &#36;965 million.
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Britain&#39;s BT Group Plc (BT.L: Quote, Profile, Research) is hoping to make a dramatic return to the United States with a $1 billion acquisition of Californian telecoms group Infonet Services Corp.
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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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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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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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NEW YORK (CBS.MW) -- Shares of DigitalNet Holdings (DNET) soared $6.24, or 26.5 percent to $29.80 in early trading Monday after it agreed to be acquired by UK group BAE Systems for around $600 million, including the assumption of $93.
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BT GROUP is likely to clinch a controversial $1 billion (Â£550 million) expansion deal this week in a third attempt to build a substantial overseas presence in America.
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BT boosts its presence in the US by buying IT market leader Infonet, whose clients include the US government and 1,800 multinational companies.
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BT Group will buy California-based Infonet Services Corp for $965 million in cash to expand in the United States and Asia, the UK&#39;s dominant fixed-line company said on Monday.
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LONDON  - British defence contractor BAE Systems PLC said Monday it is buying DigitalNet Holdings Inc., a U.S. maker of secure computer networks and a leading information-technology supplier to the Pentagon.
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BAE Systems, Europeâs biggest defence firm, yesterday announced the planned $600 million (Â£334m) takeover of a leading US supplier of secure computer networks to the Pentagon.
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LONDON: Britainâs BT Group is hoping to make a dramatic return to the US with a $1bn acquisition of Californian telecoms group Infonet Services, the Sunday Times reported.
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Canadian phone firm Bell Canada agrees to be bought for US$48.5bn, the largest deal of its kind in the country.