Press Release: Mergers: Commission approves acquisition of Radianz by BT

The European Commission on 25 April 2005 approved, under the EU Merger Regulation, the proposed acquisition of the US-based company Radianz, a financial services extranet provider, by BT Group plc. An extranet is a secure private network to share business information using internet technology in conjunction with the public telecommunications system. The Commission concluded that the acquisition would not significantly impede effective competition in the EEA or in any substantial part of it, as the parties' activities did not overlap, and as there would be no negative impact either on the market for the provision of extranet services to the financial community or on the upstream global telecommunication services market.

• Primary Source

BT: About BT: News: Press release, DC05-152, 10.3.05. http://www.btplc.com/News/Articles/ShowArticle.cfm?ArticleID=7120ccb2-dd41-48dd-95d0-af0603b88e1b

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