BT signs an eight year contract extension with Thomson Reuters

BT signs an eight year contract extension with Thomson Reuters
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First Published: Wed, May 07 2008. 01 59 PM IST
Updated: Wed, May 07 2008. 01 59 PM IST
British Telecommunications, a part of the UK based BT Group, on Wednesday announced the signing of an an agreement with Thomson Reuters to manage the WAN (wide area network) element of its internal IT infrastructure in an eight year outsourcing deal. BT will change Thomson Reuters’ existing WAN into a high-speed, IP based global infrastructure that will encompass 323 locations across 100 countries including six applications hosting data centres.
Peter Moss, Managing Director of Content, Technology and Operations, Thomson Reuters, said: “Thomson Reuters is absolutely committed to gathering and providing high quality information to meet the needs of our demanding markets. Having worked with BT for a number of years now we are confident they can execute against our requirements.”
This win follows a 10 year plus deal BT reached with Reuters in 2005 to transform and manage the global network Thomson Reuters uses to deliver services to more than 330,000 financial market professionals across the world. BT’ s principal activities include the provision of local, national and international telecommunications services , higher-value broadband and internet products and services and converged fixed/mobile products and services. BT consists principally of four lines of business: BT Global Services, Openreach, BT Retail and BT Wholesale. For the year ended 31 March 2007, BT Group plc’s revenue was £20,223 million with profit before taxation of £2,484 million.
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First Published: Wed, May 07 2008. 01 59 PM IST