BT rondt acquisitie Radianz af

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Marlies Roest
PR manager BT Benelux
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mailto:marlies.roest@bt.com

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Edelman
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BT COMPLETES ACQUISITION OF RADIANZ

BT today announced that it has completed its acquisition of Radianz, the leading financial services extranet provider, from Reuters.
The acquisition has been approved by the US and EU competition authorities on the terms announced on March 10, 2005. The transfer of shares and funds between Reuters and BT was completed today and Radianz is now under the ownership of BT.
Andy Green, chief executive officer, BT Global Services, said: "The Radianz offering is a very significant addition to BT's global portfolio. Financial services companies demand extremely high performance and resilient services and we aim to develop the Radianz model to deliver additional value added services for this market."

Howard Edelstein, president & chief executive officer of Radianz, said: "The closing of this deal marks a significant milestone in the development of Radianz. BT provides Radianz with increased global scope and substantial financial resources while cementing our position as a neutral shared infrastructure provider for the financial industry."
In recent months BT has also acquired Infonet and Albacom.

About BT
BT is one of the world's leading providers of communications solutions serving customers in Europe, the Americas and Asia Pacific. Its principal activities include networked IT services, local, national and international telecommunications services, and higher-value broadband and internet products and services.

BT consists principally of three lines of business:
- BT Retail, providing a comprehensive range of communications and related services to more than 20m UK consumers and businesses.
- BT Wholesale, providing network services and solutions within the UK to more than 600 fixed and mobile operators and service providers including the provision of broadband and private circuits.
- BT Global Services, providing networked IT services to meet the needs of multi-site organisations globally.  BT Global Services operates in more than 130 countries and also offers international carrier services.
In the year ended 31 March 2004, BT Group's turnover was £18,519 million with profit before goodwill amortisation, exceptional items and taxation of £2,013 million.

BT Group plc is listed on stock exchanges in London and New York. British Telecommunications plc (BT) is a wholly-owned subsidiary of BT Group and encompasses virtually all businesses and assets of the BT Group.
For more information, visit www.bt.com/aboutbt
 
About Radianz
Radianz (www.radianz.com) is the leading provider of secure, reliable, and scalable connectivity to the global financial community. The Company's shared market infrastructure is a neutral platform that provides turnkey access to a broad array of pre-trade, trade, and post-trade applications from leading content and service providers across the straight-through processing (STP) chain. In 2004, both the readers and editors of WATERS magazine in separate surveys named Radianz "Best Network Provider."
Radianz and the lighthouse logo are trademarks of the Radianz group of companies worldwide.

For further information please contact:
For BT                                                           
The BT Newsroom     
Telephone + 44 (0)207 356 5369

For Radianz
Seetha Chinnappa (UK)     
Seetha.chinnappa@radianz.com     
Telephone: +44 (0)207 650 9504
Mobile: +44 (0)7990 567 236

Eva Zaeschmar (US)
Eva.zaeschmar@radianz.com 
Telephone: +1 212 415 4686
Mobile: +1 646 732 4859