BT signs off on Infonet acquisition

28 Feb 2005

BT has completed the acquisition of Infonet following formal approval from the latter’s shareholders. The USD965 million deal, which was announced on 8 November 2004, will see Infonet renamed BT Infonet and become part of the BT Global Services division. The UK operator is confident that the purchase will help it achieve synergy benefits of USD150 million per annum by the third year.

United Kingdom, BT Group (incl. Openreach), Infonet Services Corporation