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> TECHNOLOGY > COMMUNICATIONS
BT to acquire Frontline
ConvergenceAsia staff
06/12/2007
Communications
solutions and services provider BT and Frontline Technologies (Frontline), a
provider of end-to-end IT services within the Asia Pacific region, have
announced that they have entered into an agreement for BT to acquire the
entire issued share capital of Frontline for approximately S$202 million.
Frontline provides IT consulting, infrastructure services, systems
integration and IT outsourcing to local, regional and multinational
customers. The company, which is listed on the main board of the Singapore
Exchange, has operations in China, Hong Kong, India, Indonesia, Malaysia,
Singapore, the Philippines, Taiwan and Thailand.
The acquisition complements BT’s existing networked IT services capabilities
within the Asia Pacific region. Frontline delivers complex solutions and
network management services to corporate customers with a strong presence in
the financial services, transportation, manufacturing, telecommunications,
education, healthcare and public sectors.
François Barrault, CEO BT Global Services, said Frontline will bring to BT
major new contracts in Asia and BT will be in a position to offer Frontline
customers the full suite of BT products and services.
“Through this acquisition we reinforce our ability to provide high quality
services to our customers wherever they do business. Frontline brings to BT
approximately 5,000 highly skilled and professional people whose reputation
for delivering complex solutions and network management services fits
perfectly with BT’s strategy,” he added. |
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