BT Gets Hold Of Frontline Technologies For $202 Mln
British Telecommunications (BT) has made announcement about the successful completion of the acquisition deal to get hold of Frontline Technologies Corporation Ltd for about $202 million.
The communications solution provider said that the new company will commence its operations shortly under the new name ‘BT Frontline.’
In a declaration, BT said, “In Asia Pacific, BT would conduct business as usual under the BT brand-name. Frontline would operate alongside BT as BT Frontline.”
“By using this co-branding approach, BT Frontline would be able to maintain and leverage the regional brand equity and goodwill of the Frontline name,” it added.
BT Frontline offers IT infrastructure services, IT consulting, systems integration and IT outsourcing to local, regional and international clients in the financial services, transportation, manufacturing, telecom, education, healthcare and public sectors.
BT Frontline brings around 5,000 skilled and professional people to BT Asia Pacific. After the BT Frontline’s acquisition, the total number of BT Asia Pacific employees has increased to over 27,000, directly employed or working in joint ventures, in the region.
BT Frontline also has significant divisions and associate companies that will keep on operating under their subsisting trade names such as Accel Frontline (India), MDCL Frontline and G-Able Co. Ltd.
It has also established various joint venture (JV) companies as a part of its strategic partnership with Sun Microsystems in the Philippines, Indonesia, and Vietnam.
Allen Ma, BT Asia Pacific president said, “For our MNC customers operating in the region and for regional companies expanding globally, our accelerated move into the IT solutions space will provide a single supplier relationship with a broad portfolio of managed network and IT services in China, India and SE Asia.”
BT had declared acquiring Frontline during December 5, 2007.