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BT to buy Infonet Germany

Well, the rest of it...

Tags: infonet, bt

By Jo Best

Published: 29 September 2005 15:40 GMT

BT has announced it has bought the remainder of Infonet Deutschland.

It will purchase the 82 per cent it doesn't currently own from T-Systems, a subsidiary of Deutsche Telekom.

BT didn't disclose the financial terms of the deal. Infonet Deutschland has 400 customers to which it supplies services including web access and VPNs, and is valued at more than €19m.

The management team at Infonet Deutschland will remain in place.

The buy follows BT's £520m acquisition of Infonet earlier this year, as well as its earlier purchase of Radianz.

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