BT Group To Buy Infonet
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&quot;This is completely a part of BT&#39;s transformation into a company that specializes in IT and networking services,&quot; BT chief executive Ben Verwaayen was quoted as saying.
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Telecommunications service provider signs deal to take over Infonet for $965 million.
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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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BAE Systems North America announced a deal Saturday to acquire Herndon-based DigitalNet Holdings Inc. for $595 million in cash, pushing it further into the growing government information technology market.
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Britain's BT Group Plc BT.L is hoping  to make a dramatic return to the United States with a $1  billion acquisition of Californian telecoms group Infonet  Services Corp. IN.N, the Sunday Times newspaper reported.
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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 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 PLC said Monday it is buying U.S.-based Infonet Services Corp., in a deal that values the company at $965 million.
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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 Plc will buy Infonet Services  Corp for $965 million in cash, giving Britain's top fixed-line  telecoms company 1,800 multinational corporate clients and an  expanded presence in the United States and Asia.
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TOKYO - Softbank Corp said Tuesday it has decided to purchase Cable &amp; Wireless IDC Inc from its British parent Cable &amp; Wireless PLC in a bid to expand its telecom business.
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Electronic publisher Thomson Corp. said Friday that it signed a definitive agreement to purchase KnowledgeNet Inc., a privately held e-learning company, and merge it with the company&#39;s business education unit, Thomson NETg.
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BT Group Plc (BT.L: Quote, Profile, Research) is committed to its existing dividend policy, Britain&#39;s dominant fixed-line telecoms operator said on Monday, seeking to allay concerns its latest US purchase may come at the expense
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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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British defense 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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HP said today it plans to buy business process monitoring specialist Bristol Technology to improve its presence in the BTO market.
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A Macquarie Communications Infrastructure Group-led consortium bought NTL Inc.&#39;s antenna towers business in the UK for 1.27 billion pounds ($2.47 billion).