BT completes USD3 billion network services deal

10 Mar 2005

BT has signed a GBP1.56 billion (USD3 billion) deal with Reuters to provide the news agency with network services, finalising an agreement inked last October. As part of the deal BT will buy financial services provider Radianz from Reuters for GBP91 million. The UK telco says the contract is a vital part of its plans to establish itself as a global provider of IT network services.