Feeds

BT spreads wings with $200m JV

Sets sights on international Web markets

  • alert
  • submit to reddit

Mobile application security vulnerability report

BT is to form a £123 million ($200 million) joint venture with Web directory outfit, LookSmart, as part of a deal to provide portal services and exploit emerging markets in Europe and the Far East. The deal will build on BT's base of more than 31 million Internet and wireless customers, and LookSmart's Web navigation directories already used in some 17 countries around the globe. According to BT, the venture is the telco's "first extensive international Internet deal". In a statement, the company said the deal would provide Web directories and other content, Internet communications and ecommerce services to consumers. The venture will also offer the business market syndicated services through ISPs and other partners. The agreement does not cover Britain. Evan Thornley, co-founder and CEO of LookSmart said: "LookSmart and BT have established a new model that combines Web navigation with access on a global basis. "We estimate that the portal market in Europe and Asia will overtake that of the US in the next five years. Together, we are prepared to commit up to $200 million to capture the leadership position in these markets. San Francisco-based LooksSmart already provides Web directory services to portals including MSN, Netscape, AltaVista, @Home, as well as 280 ISPs. ® For more money news tune into Cash Register and turn on to our daily Net Finance News

The Power of One Brief: Top reasons to choose HP BladeSystem

More from The Register

next story
Stick a 4K in them: Super high-res TVs are DONE
4,000 pixels is niche now... Don't say we didn't warn you
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
Amazon Reveals One Weird Trick: A Loss On Almost $20bn In Sales
Investors really hate it: Share price plunge as growth SLOWS in key AWS division
Bose says today is F*** With Dre Day: Beats sued in patent battle
Music gear giant seeks some of that sweet, sweet Apple pie
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
Too many IT conferences to cover? MICROSOFT to the RESCUE!
Yet more word of cuts emerges from Redmond
prev story

Whitepapers

Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Seven Steps to Software Security
Seven practical steps you can begin to take today to secure your applications and prevent the damages a successful cyber-attack can cause.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.