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  5. BT Moves To Acquire Infonet To Beef Up Networking: Page 2 of 2
Networking

BT Moves To Acquire Infonet To Beef Up Networking: Page 2 of 2

BT Group PLC will acquire California-based Infonet Services Corp. for $965 million to beef up its international data-networking business.
November 08, 2004

BT, the largest supplier of telephone landlines in Britain, has been losing subscribers to cell-phone and Internet-phone providers, as have most landline providers everywhere. Its earlier major attempt to enter U.S. telephony markets--its Concert joint effort with AT&T--was unsuccessful and BT pulled out.

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