BT Telecom India to acquire IP firm i2i
By Our Corporate Bureau | 07 Feb 2007
New Delhi: BT Telecom India, a joint venture between British Telecom (BT) and Jubilant Enpro of New Delhi, will acquire Mumbai based i2i, an Internet protocol-based global managed network service provider.
BT said the acquisition would increase its revenue from India to $250 million by 2009. The amount of the deal was disclosed.
i2i's gross asset was valued at $22.5 million in March 2006. i2i is a managed service provider and has a customer base of 200 corporate customers and employs over 200 people. BT employs about 15,000 people directly or indirectly in India. i2i is already the distributor of BT Infotel's managed network and products nationwide.