BT acquires Frontline Technologies for $202 million
26 Mar 2008
Mumbai: British Telecommunications (BT) announced its acquisition of Frontline Technologies Corporation Ltd, for around $202 million. The new entity gets the name 'BT Frontline,'' and is scheduled to commence operations soon.
In a statement, 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.''
BT Frontline will offer IT consulting, systems integration, IT infrastructure services as well as IT outsourcing to local, regional and global customers.
The company's domain expertise includes financial services, transportation, construction, telecom, education, healthcare and public sectors. The company has 5,000 employees, and also has subsidiary and associate companies that will continue to operate under their existing trade names. These include Accel Frontline (India), MDCL Frontline and G-Able Co. Ltd.
The company also has some joint ventures as 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 in December, 2007.