BT Buys Into IT Again
9:00 AM -- The transition of major carriers from pure-play telecom players to integrated telecom/IT services firms continued this week as both BT Group plc (NYSE: BT; London: BTA) and Norway's Telenor Group (Nasdaq: TELN) announced targeted acquisitions. (See BT Buys IT Firm and Telenor Acquires Datametrix.)
BT, which appears to be paying a negligible price for German IT services specialists Stemmer and SND, has long been snapping up local integrators and IT services firms in the countries where it has large, multinational corporate customers, including Belgium, France, Italy, Poland, China, Hong Kong, India, Indonesia, Malaysia, Singapore, the Philippines, Taiwan, Thailand, the U.S., and across Latin America. It announced its intention to become an integrated IT/telecom services player as far back as 2003.
Let's walk down memory lane:
Other European carriers have also been investing in IT services capabilities. (See KPN Plans $1B IT Acquisition and Belgacom Buys Telindus.)
— Ray Le Maistre, International News Editor, Light Reading
BT, which appears to be paying a negligible price for German IT services specialists Stemmer and SND, has long been snapping up local integrators and IT services firms in the countries where it has large, multinational corporate customers, including Belgium, France, Italy, Poland, China, Hong Kong, India, Indonesia, Malaysia, Singapore, the Philippines, Taiwan, Thailand, the U.S., and across Latin America. It announced its intention to become an integrated IT/telecom services player as far back as 2003.
Let's walk down memory lane:
- BT to Buy Net2S
- BT Buys Asia/Pac Integrator
- BT Buys Another IT Firm
- BT Acquires INS Group
- BT Buys Basilica Computing
- BT Buys Comsat
- BT Buys Indian Outsourcer
- BT Buys INS
- BT Acquires Counterpane
- BT Buys Polish Outfit
- BT Lands Italian Job
- BT Buys TNS
- BT Bolsters Its ICT Story
Other European carriers have also been investing in IT services capabilities. (See KPN Plans $1B IT Acquisition and Belgacom Buys Telindus.)
— Ray Le Maistre, International News Editor, Light Reading