BT snaps up Infonet Germany
Tim Richardson writes in The Register:
BT is to snap up all of Infonet Germany which is majority owned by T-Systems, a subsidiary of Deutsche Telekom, the British telco announced today.
Financial details were not disclosed.
Earlier this year BT completed the $965m (£510m) acquisition of California-based voice and data network services outfit Infonet Services Corporation.
At the time, BT only owned 18 per cent of Frankfurt-based Infonet Germany.
Now it's managed to agree a deal with T-Systems to acquire the remaining 82 per cent.
posted by Fergie @ 9/28/2005 08:21:00 AM
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