BT to Buy Infonet for $965 Mln, Adding Data Network
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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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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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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 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.
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Cisco will pay approximately US$34 million in cash for all outstanding equity interests of BCN. In addition, the acquisition price may be increased by as much as $122 million depending on
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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.
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LONDON - BT Group, the British telecommunications company, said Monday that it&#39;s buying US-based Infonet Services in a deal that values Infonet at $965 million.
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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.
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IBM has signed a seven-year, &#36;969.2 million contract with British bank Lloyds TSB to supply it with Internet telephony and data services, IBM said on Monday.
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Telecom giant BT has revealed its plans to develop a large wireless broadband network in London
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BAE Systems North America Inc. will buy DigitalNet Holdings Inc., for about $600 million, including DigitalNetâs $93.25 million debt, the two companies announced Saturday.
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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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Bulgaria sold a formerly state-owned 34.6% package of national telecom provider BTC (BTC) to private investors for leva (BGN) 625 million (EUR312.5 million) on Thursday, an official said.
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(InfoWorld) - Even if an 11-year-old school girl from the tiny village of Wick in South Wales was the first person to place a call over BT Group'sÂ new next-generation network, U.K. businesses will be among the big benefactors of the all-IP (Internet Protocol) network. "We're moving toward giving far more empowerment to our corporate customers," said Neil Rogers, managing director of BT's 21st Century Network (21CN) project. "We want to give them more visibility and control of what's happening on the network." 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. On Tuesday, Laura Wess became the first 21CN user when she made a call from her school, which BT selected as the launching pad for its new network. The move to an all-IP network will allow BT to offer consumers and small businesses "triple-play" voice, data and video services over a single ADSL2+ (Asymmetric Digital Subscriber Line) broadband connection, at speeds up to 24Mbps. Among the new services supported by the network are VOIP (voice over IP) and IPTV. The next-generation network will also allow BT to offer a far more flexible service to enterprise customers. "Today, the managed service contracts we offer are very manually intensive at the front end," Rogers said. "Even though we try to integrate our operating systems with the front-end premises systems of our customers, we still find the process to be very labor-intensive. Our all-IP approach gives us much more flexibility." Resilience -- the ability to recover from network hiccups -- and security are two additional features of 21CN that should interest corporate customers, according to Rogers. Because BT has chosen to build a completely new IP network from scratch instead of adding an IP overlay over its legacy systems, the operator has been able to design resilience and security into the network from the very beginning. Although Rogers sees little room for BT to lower prices as a result of the network overhaul, he expects the new network to give the operator greater flexibility in how it charges customers. "More attractive pricing is quite difficult in the U.K., where prices are already very aggressive," Rogers said. "But we plan to be more flexible in our pricing, for instance by charging for services as opposed to physical capacity or even allowing customers to pay on-demand for some services." Testing has proved among the biggest challenges of the next-generation rollout, according to Rogers. "It's been a huge effort to test network interoperability and customer premises equipment," he said. "It's an ongoing challenge." Although some experts have questioned whether BT's choice of ADSL2+ technology to link homes and small businesses could someday become a bottleneck for services requiring speeds higher than 24Mbps, Rogers said the technology offers sufficient bandwidth for the operator's planned high-speed services for the next four to five years. "At some point, we'll look at local fiber deployment," Rogers said. "At the moment, however, there's no business case for fiber in the U.K."
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BT Group PLC said Thursday its takeover of data service company Infonet Services Corp. was closer after receiving clearance from U.S. antitrust authorities.
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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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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.