BT to get Infonet for $965M
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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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British telecom giant BT Group will spend Â£14 million ($27 million) over the next seven years on a new south London datacenter to strengthen its hosting and management services, the company said Thursday.
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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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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.
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Telecommunications service provider signs deal to take over Infonet for $965 million.
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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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IBM has signed a 7-year, &#36;969 million contract with British bank Lloyds TSB to supply it with Internet telephony and data services, The U.S.-based computer giant said on Monday.
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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.
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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.
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Buys US services firm BT has broadened its US footprint by tying up a deal for International Network Services.â¦
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Prescribes integrated networks BT has won NHS contracts worth Â£36m to create "communities of interest" for five primary care trusts.â¦
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TechWeb - INS has supplied IT services to 75% of &lt;i&gt;Fortune&lt;/i&gt; 500 companies and should be a good fit with BT's IT and networking strategies.
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British Telecom (BT) said 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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BRITISH Telecom today announced the sale of its stake in one of the worldâs largest satellite companies for Â£363 million. The telecoms giant said it was offloading its 15.8 per cent holding in Paris-based
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BT Group Plc, the UK&#39;s largest phone company, plans to buy Infonet Services Corp. for $965 million to add a data network spanning more than 180 countries.
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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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By Steve Pain Deputy Business Editor  BT is to spend more than half a billion pounds to take the West Midlands into the 21st century with an advanced communications network which will triple internet speeds, radically transforming business and home computer use.