Telecoms giant continues its acquisition spree by entering an agreement to buy Singapore-based Frontline Technologies

BT is continuing its acquisition spree, this time entering into an agreement to buy Singapore-based VAR Frontline Technologies.

The deal, worth around S$202m, complements BT’s existing networked IT services capabilities within the Asia Pacific region and will give it greater penetration into markets such as financial services, transportation, manufacturing, education and public sector, according to the telecoms giant.

Francois Barrault, chief executive of BT Global Services, said: ““This acquisition will create one of the leading providers of networked IT solutions that will be able to offer a broader portfolio of solutions to local, regional and global customers.

Frontline will bring to BT major new contracts in Asia and BT will be in a position to offer Frontline customers the full suite of BT products and services.

“Through this acquisition we reinforce our ability to provide high quality services to our customers wherever they do business. Frontline brings to BT approximately 5,000 highly skilled and professional people whose reputation for delivering complex solutions and network management services fits perfectly with BT’s strategy. We believe our combined reach and skills will create an unbeatable team in Asia Pacific as we seek to respond better to our customers’ challenges and opportunities.”

Frontline founder Steve Ting, said: “Since founding Frontline in 1993, we have strengthened our footprint throughout Asia Pacific and we are extremely proud of the company that we have created. Becoming part of BT can only accelerate our future growth and help to create a unique portfolio offering that will benefit our existing and future customers, firmly establishing us as one of the leaders in our space. This proposed transaction is great news for our customers, shareholders and employees.”