BT acquires Comsat

23 Apr 2007

UK-based telecoms group BT has entered into an agreement to acquire Comsat International, a provider of data communication services for corporations and public sector organisations in Latin America. Closing of the transaction is subject to regulatory and anti-trust clearances and the satisfaction of other conditions. No financial details were disclosed. François Barrault, President of BT International, said the acquisition represents a milestone in the execution of BT’s strategy of well targeted acquisitions around the world. According to an audit on 31 December 2005, the gross assets of Comsat were USD145 million.

BT Group (incl. Openreach)