BT sells Eutelsat satellite stake
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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.
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Ofcom is cutting the price BT can charge its rivals for putting their broadband equipment in its exchanges by up to 60%.
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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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Scandinavian Airlines says it will sell its stake in British carrier BMI to reduce costs and lift profits.
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British Airways (BA) said it would sell its 1.1 billion dollar (770 million US) stake in Australia's Qantas in a move seen as likely to fuel a major realignment of airline alliances.
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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 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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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 Plc, the UK&#39;s largest phone company, plans to buy Infonet Services Corp. to add a data network spanning more than 180 countries, people familiar with the matter said.
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LONDON British Airways said Wednesday that it would sell its stake in Qantas Airways and use the proceeds to strengthen its balance sheet for acquisitions in Europe.
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Intelsat Ltd., the world's second-largest satellite operator, said on Monday it agreed to be bought by a consortium of four private equity firms for &#36;5 billion, including assumption of &#36;2 billion of debt.
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LONDON : Cable and Wireless, the British telecoms group, said it had agreed to sell its Japanese unit to Internet service provider Softbank Corp for about 133 million dollars (104 million euros) including debt.
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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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Shares in Bulgarian Telecommunications Company jumped 36 per cent to Lev297 yesterday after the government sold its minority stake in an electronic auction on the Sofia bourse.
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BT Group says the sale of its 15.8% stake in the Paris-based satellite operator Eutelsat is part of a strategy to focus on its core telephony business.
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BAE Systems advised its shareholders to sell the British defence group's 20 percent stake in Airbus to the Franco-German aerospace firm EADS for 2.75 billion euros (3.5 billion dollars).
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NEW YORK -- Intelsat Ltd., the pioneering satellite operator founded by a multinational government consortium, is being acquired by a group of investment funds for about $3 billion in cash, the third major buyout in the industry disclosed this year.