BT to acquire i2i Enterprise Ltd

NEW DELHI: BT Telecom India Pvt. Ltd, a joint venture between British Telecom and New Delhi-based Jubilant Enpro Pvt. Ltd will acquire i2i Enterprise Pvt. Ltd, a Mumbai-based enterprise services company specialising in internet protocol (IP) communications services.

The amount involved in the deal was not disclosed.

Andy Green, CEO, BT Global Services, said, “BT will become the biggest foreign global carrier operating in India today as the result of this deal. The acquisition of i2i is exciting because it places BT at the heart of the world's fastest growing IT and business process outsourcing market. This will help BT build a broad-based platform for growth in India, and create a single BT-branded channel to the Indian market.”

Prakash Jain, chairman and CEO, i2i, said, “Through our work together as an indirect channel in the Indian market for BT Infonet, BT has gained a great insight and appreciation of i2i?s entrepreneurial culture and clear focus on outstanding customer service. BT will integrate the strengths of both companies, resulting in a compelling service offering to overseas and local multinational customers.”

i2i Enterprises has around 200 people in India and as at the last audited balance sheet date of 31st March 2006, the gross assets of i2i were approximately $22.5 million.

In November 2006, BT Telecom India applied for licenses to provide National Long Distance (NLD) and International Long Distance (ILD) services, and was issued Letters of Intent (LoI) in December 2006 by the Government of India, Department of Telecommunications (DoT), as a first step prior to the award of licenses.

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