BT completes B.I.C. Systems Group buy-out
BT has completed the £17m acquisition of Northern Ireland IT Company, B.I.C. Systems Group Ltd, after being given the green light by the Competition Authority in the Republic of Ireland. The sale was given the OK more than a week ago and was completed last week, the UK's dominant fixed line telco said in a statement today.
BT announced last month that it would be buying the computer dealership in a move which it said catapults it to the head of the IT services sector in Northern Ireland two years ahead of schedule. Bill Murphy, chief executive of BT Northern Ireland, described the deal as "one of the most exciting developments in the IT space in years". ®