BT buys Indian managed services company i2i

BT has signed a deal to acquire Indian managed services provider i2i Enterprise for an undisclosed sum.

The telecom bought the managed services company through its BT Telecom India joint venture with Jubilant Enpro.

The Indian managed services company has grown over the last three years and has a major customer base in the IT, banking, insurance and security markets in the country. It is also one of the few companies in India with licences to provide international long distance, national long distance, nationwide ISP, and internet telephony services. The company has around 200 staff in India and i2i's gross assets total $22.5m (11.4m).

Andy Green, CEO, BT Global Services said the deal will make BT "the biggest foreign global carrier operating in India".

"The acquisition of i2i is exciting because it places BT at the heart of the world's fastest growing IT and business process outsourcing market," he said. "This will help BT build a broad-based platform for growth in India, and create a single BT-branded channel to the Indian market.

Green added that India is a cornerstone in the company's global expansion plans and the investment underlines its commitment to growth from India.

Rene Millman

Rene Millman is a freelance writer and broadcaster who covers cybersecurity, AI, IoT, and the cloud. He also works as a contributing analyst at GigaOm and has previously worked as an analyst for Gartner covering the infrastructure market. He has made numerous television appearances to give his views and expertise on technology trends and companies that affect and shape our lives. You can follow Rene Millman on Twitter.