BT to buy Infonet, re-entering US market
220105
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.
264922
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.
244442
BT moved to bolster its position in the global market for providing communications services to multinational corporations yesterday with the $965m (Â£376m) acquisition of loss-making California telecoms group Infonet.
764558
British telecoms company BT Group will pay a minimum of â¬116m to gain full control of loss-making Italian telecoms firm Albacom, as the UK company continues its return to the takeover trail.
441059
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.
75858
LONDON   British bank Barclays PLC gained its first toehold in the US consumer banking market Wednesday, saying it would buy credit-card company Juniper Financial Corp. from Canadian Imperial Bank of Commerce for $293 million in cash.
319523
Mobile phone giant Vodafone Group   VOD.L confirmed on Monday its plan to enter Britain's   cut-throat fixed-line broadband Internet market via a deal with   the wholesale arm of telecoms firm BT Group BT.L.
733683
LONDON (CP) - BT Group PLC has awarded a contract worth $5 million US to Nortel Networks for voice-over-Internet technology designed to link almost 10,000 agents into a so-called virtual contact centre.
31188
HP said today it plans to buy business process monitoring specialist Bristol Technology to improve its presence in the BTO market.
499188
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.
382236
(InfoWorld) - BT Group has been granted licenses to provide national and long-distance services in India as it seeks to carve out a bigger piece of the country's burgeoning telecoms market. The licenses from India's Department of Telecommunications allows BT's newly formed joint venture, BT Telecom India Pvt. Ltd., to sell services directly to corporate customers in India, BT said on Wednesday. Until now the company has been offering the services through an agreement with a local service provider. BT will offer virtual private network (VPN) services using technologies such as multi-protocol label switching (MPLS) and ATM (asynchronous transfer mode), it said. Multinationals providers includingÂ Verizon CommunicationsÂ have been applying for licenses to operate national and long-distance services in India. Two years ago the government increased the stake that a foreign company can hold in Indian telecoms provider, from 49 percent to 74 percent, which made investment more attractive. It also reduced license fees. India's booming telecoms market has been attracting investments to the country. In February, Vodafone Group announced anÂ agreement to acquire a 67 percent interestÂ in Indian mobile services provider Hutchison Essar. It hopes to cash in on India's mobile market, which is adding more than 6 million subscribers a month. A key opportunity for BT and other multinational providers is to offer services to the Indian operations of multinational companies, as well as to India's growing outsourcing industry. AT&T's majority-owned joint venture, AT&T Global Network Services India Pvt. Ltd., was awarded national and long distance licenses by the government last year. BT set up its Indian joint venture, in which it holds 74 percent of the equity, last year. Then in February it announced that it had signed an agreement to acquire i2i Enterprise Pvt. Ltd., an enterprise services company based in Mumbai that specializes in IP communications services. In September BT said it expected revenue from India to be $250 million by 2009, and that it would increase its headcount in the country by 6,000 within two years. The company signed aÂ five-year outsourcing contractÂ in December with Tech Mahindra to support BT's managed services for businesses around the globe, as well as BT's internal systems. It owns a minority share in the outsourcing company. Â
368585
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.
85455
LONDON  - Reuters, the British news and data provider, said it had agreed to buy US financial information firm Moneyline Telerate for 175 million dollars.
569249
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.
69660
British Telecom will acquire Infonet Services in a deal worth US$965 million, BT Group said on Monday. The telecommunications giant said its acquisition of the network service provider will create cost savings
627280
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.
38573
BT Group PLC is trying for a third time to crack the US market with the purchase of Infonet Services Corp. for a massive US$965 million.