25th Mar 2008 07:01
BT Group PLC25 March 2008 24 Mar 2008 BT FRONTLINE DEAL COMPLETES Further to the announcement made on 5 December 2007, BT today announces that theacquisition of Frontline Technologies Corporation Ltd. for a cash considerationof approximately S$202 million (c. £73 million(1)) has been successfullycompleted and the new company will start operations immediately under the newbrand-name of BT Frontline. Ends About BT Frontline Established in 1993 and headquartered in Singapore, BT Frontline has more than5,000 professionals (direct and indirect) in nine key markets in Asia - China,Hong Kong, India, Indonesia, Malaysia, Singapore, Philippines, Taiwan andThailand - to meet the specific needs of corporate organisations across acontinuum of industries. For more information visit www.bt.com/frontline About BT BT is one of the world's leading providers of communications solutions andservices operating in 170 countries. Its principal activities include theprovision of local, national and international telecommunications services toour customers for use at home, at work and on the move; higher-value broadbandand internet products and services and converged fixed/mobile products andservices. BT consists principally of four lines of business: BT Global Services,Openreach, BT Retail and BT Wholesale. In the year ended 31 March 2007, BT Group plc's revenue was £20,223 million withprofit before taxation of £2,484 million. British Telecommunications plc (BT) is a wholly-owned subsidiary of BT Group andencompasses virtually all businesses and assets of the BT Group. BT Group plc islisted on stock exchanges in London and New York. For more information, visit www.bt.com/aboutbt For further information, please contact: Richard Wright, Director, Corporate Communications and PR, BT Asia Pacific Tel: +852 2532 3652; Fax: +852 2810 0164 Email: [email protected] Hani Sallim, Manager, Corporate Communications, BT FrontlineTel: +65 6773 7227, DID: +65 6415 4721, Fax: +65 6779 4455Email: [email protected] -------------------------- (1) Converted at the SGD:GBP spot rate on 20 March 2008 of 2.75:1. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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