BT Group PLC
25 March 2008
24 Mar 2008
BT FRONTLINE DEAL COMPLETES
Further to the announcement made on 5 December 2007, BT today announces that the
acquisition of Frontline Technologies Corporation Ltd. for a cash consideration
of approximately S$202 million (c. £73 million(1)) has been successfully
completed and the new company will start operations immediately under the new
brand-name of BT Frontline.
Ends
About BT Frontline
Established in 1993 and headquartered in Singapore, BT Frontline has more than
5,000 professionals (direct and indirect) in nine key markets in Asia - China,
Hong Kong, India, Indonesia, Malaysia, Singapore, Philippines, Taiwan and
Thailand - to meet the specific needs of corporate organisations across a
continuum of industries.
For more information visit www.bt.com/frontline
About BT
BT is one of the world's leading providers of communications solutions and
services operating in 170 countries. Its principal activities include the
provision of local, national and international telecommunications services to
our customers for use at home, at work and on the move; higher-value broadband
and internet products and services and converged fixed/mobile products and
services. BT consists principally of four lines of business: BT Global Services,
Openreach, BT Retail and BT Wholesale.
In the year ended 31 March 2007, BT Group plc's revenue was £20,223 million with
profit before taxation of £2,484 million.
British Telecommunications plc (BT) is a wholly-owned subsidiary of BT Group and
encompasses virtually all businesses and assets of the BT Group. BT Group plc is
listed on stock exchanges in London and New York.
For more information, visit www.bt.com/aboutbt
For further information, please contact:
Richard Wright, Director, Corporate Communications and PR, BT Asia Pacific
Tel: +852 2532 3652; Fax: +852 2810 0164
Email: richard.j.wright@bt.com
Hani Sallim, Manager, Corporate Communications, BT Frontline
Tel: +65 6773 7227, DID: +65 6415 4721, Fax: +65 6779 4455
Email: hani@frontline.com.sg
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(1) Converted at the SGD:GBP spot rate on 20 March 2008 of 2.75:1.
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