BT Group's Pact with Vodafone - trackseekingalpha

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BT Group's Pact with Vodafone
Jul 23, 2009 10:31 AM UTC

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Via Long Investment Ideas from Seeking Alpha:

BT Group Plc (BT) announced that it will transfer its consumer and small business broadband and voice customers to Vodafone Group Plc (VOD) and will also provide wholesale network services to Vodafone over a seven-year period.

BT Group’s aim is to become the leading provider of networked IT services to mid and large-sized businesses and the public sector in general in Ireland. Vodafone will become the number-two player in the fixed broadband market and enjoy a 15% market share of the fixed broadband market. The value of the gross assets that are the subject of this transaction was 4.8 million euros at the end of March 2009.

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