Thursday, February 24, 2005

BT Completes Acquisition of Infonet

BT completed its acquisition of Infonet, one of the world's leading providers of global managed voice and data network services for corporate customers. Infonet, which will be renamed BT Infonet, becomes part of BT Global Services.


Andy Green, CEO BT Global Services, said: "The combination of BT Global Services and Infonet will create a clear leader in the networked IT services market, and will enhance our position as the supplier of choice for multi-site organisations around the world."http://www.btplc.com

  • In November 2004, BT agreed to acquire Infonet, a provider of international managed voice and data network services, for $965 million (excluding Infonet's net cash balance of $390 million, the aggregate value of the deal is $575 million). Infonet, which is based in El Segundo, California, has local operations in 70 countries and claims 1,800 multinational customers -- including Siemens, Nokia, Bayer AG International, IBM and Hilton International.

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