British Telecom

Bharti Group raises $1.8 bn debt from Barclays for BT stake buy; may rope in more lenders

On August 13, Bharti announced that it would acquire a 24.5% stake in BT for a sum of 3.2 billion pounds ($4 billion), from the British telco’s biggest shareholder Patrick Drahi’s Altice group.

BT says bye-bye to dial-up Internet service

British telecom giant BT has turned off its dial-up Internet access service as the vast majority of its 6.8 million broadband customers had switched to much faster connections.

50 % of Fortune 500 cos to have MNC centre in India by 2015

India is expected to strengthen its status as the most preferred offshore destination of the world with half of the Fortune 500 companies likely to have their outsourcing centres in India in the next two years, according to a study by market research firm Zinnov.

Buy Tech Mahindra with long-term view: Nirmal Bang

Incorporated in 1986 as a joint venture (JV) between Mahindra & Mahindra and British Telecom (BT), Tech Mahindra (TechM) is India's leading software company providing solutions primarily to the telecom industry, says Nirmal Bang research report.

BT exits Tech Mahindra; sells 9.1% stake for Rs 1,011cr

British telecom giant BT has offloaded 9.1 per cent stake in Tech Mahindra for Rs 1,011.4 crore, marking its exit from the Indian IT services firm.

BT begins sale of part stake in Tech Mahindra

Global player British Telecom today began sale of a part of its over 23% stake in IT major Tech Mahindra in the open market.

Between Vodafone and Tata Comm, who will get CWW pie?

Tata Communications and Vodafone are both reportedly seeking an extension of the Thursday deadline to 'put up or shut up' for placing bids to acquire Cable & Wireless Worldwide (CWW). Managers of both companies are said to have found the information shared by CWW insufficient, report Sanjay Suri and Swati Khandelwal Jain.

How do analysts view Tech Mahindra-Satyam merger?

The merger of Tech Mahindra and Mahindra Satyam (Satyam Computer Services) is largely seen as a positive deal by analysts, considering that the combined entity will become sixth largest software services provider and will have a balanced revenue mix as it would client concentration.

Vodafone have to pay tax once I-T Act is amended: FinMin

British telecom major Vodafone will have to pay over Rs 11,000 crore tax, once the amendment to change the Income Tax Act is approved by Parliament, a Finance Ministry official said today.

BT likely to cut IT spends by 10% in 2012: Sources

Bad days are not over yet. British Telecom is likely to cut its IT spend by 10% in 2012, reports CNBC-TV18 quoting sources. It is learnt that the global board of BT has cleared the IT budget of 2012.

British Telecom to slash IT spend, Tech Mah, Infy can bleed

IT vendors working with British Telecom can expect serious pressure as the global telecom major is all set to cut its IT budget for the calendar year 2012, reports CNBC-TV18's Kritika Saxena.

BT to sell stake in Tech Mahindra, M&M might buy

British Telecom has been looking to sell its stake in Tech Mahindra for quite some while. CNBC-TV18 has learnt that the Mahindra group may buyout part of BT’s stake.

Accel buys 51% stake of British Telecom in Accel Frontline

Information Technology and media firm Accel today said it has acquired the 51% stake held by British Telecom for Rs 49.9 crore to become a majority shareholder in Accel Frontline Ltd.

BT may sell stake in Accel Frontline, 3 cos likely in fray

British Telecom is planning to sale its stake in Accel Frontline, reports Kritika Saxena quoting sources. BT's arm BT Frontline Technology holds 51% in Accel Frontline.