BT tries to enter US market with Infonet purchase
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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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Britain's BAE Systems said it had agreed to buy DigitalNet Holdings Inc, a provider of computer networks for the US government, for 600 million dollars (489 million euros) in cash.
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Mobile phone giant Vodafone Group   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 .
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Mobile phone firm Vodafone is to enter the UK fixed-line broadband market after striking a deal with BT Group.
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com. The sale of US-built telecom infrastructure to foreign firms at fire-sale prices continues. Tyco International says it is selling its Tyco Global Network to India&#39;s Tata Group.
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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 &#36;965 million.
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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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Telco weighs up broadband options BT is considering speeding up its broadband service by pushing it to a blink-and-you'll-miss-it 50Mb download per second for its customers.â¦
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UK telecoms giant BT offers to open its network to rivals and cut prices in an effort to head off a possible break-up.
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New Delhi, Nov 8. (PTI): British Telecom (BT) announced today that 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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Telecoms group BT bolstered its worldwide presence today by unveiling plans for a landmark acquisition costing almost one billion US dollars.
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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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(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
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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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Juniper Networks, Inc. (NASDAQ:JNPR) today announced that it has been  selected by BT Plc to provide routers and security solutions for the U.K.'s  Defence Fixed Telecommunications Service (DFTS) project.
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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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Mobile phone firm Vodafone is to enter the UK fixed-line broadband market after striking a deal with BT.