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Computacenter in Talks to Buy BT´s Domestic Operations in France
Wednesday 25 March 2020

25 March 2020 - UK-based computer services provider Computacenter plc (LSE: CCC) and UK-based telecommunications operator BT have entered exclusive negotiations on the acquisition of BT's domestic operations in France by Computacenter, the companies said.

The transaction is subject to consultations with works councils over a minimum period of two months.

This process will adhere to any additional French government guidance issued as a result of the coronavirus pandemic. It will then be subject to regulatory approval, with completion expected to take place by the end of 2020.
 
BT's domestic operations in France include management and maintenance of IT and network infrastructure, as well as networking and related professional services.

During the fiscal year ending in March 2019 they generated total revenue of c.EUR 118m (c.GBP 104m).

This acquisition would enable Computacenter to strengthen its position in the French networking market and increase the number of its major domestic customers in France.
 
The planned transaction is part of BT's ongoing transformation of its Global unit as it sharpens its focus on delivering next-generation networking, cloud and security services to multinational organisations.
 
BT would retain a strong presence in France serving multinational businesses and organisations, including access points to its global network and a cyber security operations centre.

BT and Computacenter also intend to enter into a partnership agreement in France, ensuring continuity for existing customers and future growth opportunities.
 
Computacenter is an independent technology partner, trusted by large corporate and public sector organisations.

BT serves customers in 180 countries.

Its principal activities include the provision of networked IT services globally; local, national and international telecommunications services to its customers for use at home, at work and on the move; broadband, TV and internet products and services; and converged fixed-mobile products and services.

For the year ended 31 March 2019, BT Group's reported revenue was GBP 23,428m with reported profit before taxation of GBP 2,666m.

British Telecommunications plc is a wholly-owned subsidiary of BT Group plc (OTC: BTGOF) and encompasses virtually all businesses and assets of the BT Group. BT Group plc is listed on the London stock exchange.
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Date Published: 25/03/2020

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