| Concentric Network
Corp. has agreed to purchase the UK ISP Internet Technology Group plc (ITG) for $215 million.
The deal will give Concentric, a top provider of e-business services in the U.S., a foundation for expanding in the UK and Europe. ITG's revenue was $17.6 million in the year to October 1998, and $14.2 million in the six months to April 1999.
Concentric to buy UK's Internet Technology Group - MarketWatch::
Concentric to buy UK's Internet Technology Group. By CBS.MarketWatch.com ITG's price tag amounts to around $215 million, given the British ISP's 57.6
http://www.marketwatch.com/news/story/-concentric-buy-uks-internet/story.aspx?guid=%7B5B48C47B-6D67-4C45-80DE-A02EA811BA33%7DHOME |
Concentric will pay for the acquisition in 50 per cent cash and 50 per cent Concentric stock. The acquisition is subject to ITG shareholder approval.
"This pivotal acquisition solidifies Concentric's ability to expand into the
emerging global marketplace for Internet services," said Henry R. Nothhaft,
chairman, president and CEO of Concentric Network.
Concentric goes continental: Bid for English ISP opens European ::
Time-to-market explains Concentric's decision to buy, not build. "We could spend $100 million building our own network, another $100 million building a
http://telephonyonline.com/mag/telecom_concentric_goes_continental/HOME |
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(rec.music.white-power CFV) <n497E1067@barium.demon.co.uk> (was Re: Help on arranging concert) <01bc1d6b$215ed320$45e119cb@Geko.geko.net.au>
http://ftp.funet.fi/pub/archive/rec.music.indian.classical/indexHOME |
"ITG's network extends from the UK into Europe, providing Concentric with a stepping stone into the European marketplace."
DIAR.com - News Archive 2001::
US/UK TO DEVELOP NEW MULTI-PURPOSE MISSILE: The UK Ministry of Defence and US Department of Defence have committed £40 million to the Concept and Technology
http://www.diar.com/data/news01.htmHOME |
ITG has an extensive network of 35 POPs in the UK, together with peering
relationships with major European telecom providers and transatlantic
connectivity. It is headquartered in London and has operations in the
Netherlands.
Besides its Internet access and Web hosting services, ITG operates
the FreeNetName service, which provides free domain name registration
to business and consumer customers.
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Concentric to Buy UK's ITG for $215 Million