BT completes Radianz buy-out
BT has completed its acquisition of financial services network operator Radianz from Reuters, the UK's dominant fixed-line telco announced today.
The $175m deal - which was first announced last month - went ahead after the US and EU competition authorities gave the green light for acquisition.
The transfer of shares and funds between Reuters and BT was completed today and Radianz is now owned by BT.
The acquisition of Radianz is part of BT's plan to become a global provider of networked IT services.
In recent months the UK's former state-owned monopoly has snapped up other network outfits Albacom and Infonet as it seeks to find new areas of revenue growth. ®