BT propose acquisition of Frontline
Wednesday 05 December 2007
It has been announced today that BT have entered an agreement to acquire the entire issued share capital of Frontline for approximately S$202 million. Frontline currently provides IT consulting, infrastructure services, system integration and IT outsourcing to local, regional and multinational customers.
François Barrault, CEO BT Global Services said: "This acquisition will create one of the leading providers of networked IT solutions that will be able to offer a broader portfolio of solutions to local, regional and global customers. Frontline will bring to BT major new contracts in Asia and BT will be in a position to offer Frontline customers the full suite of BT products and services."
In separate news, Frontline Wireless, as expected, are set to go against Google to bid for the 700-MHz that will be auctioned by the Federal Communications Commission in January.
