Shares in Sema Group, the software and systems house, rose four per cent on the London stock exchange yesterday with the news that the company is acquiring French software businesses that will help it expand its telecommunications business.
Sema is to spend $4.9 million buying France Telecom?s Telis subsidiary and the 50 per cent of Sema Group Telecom that it does not already own. The acquisitions will make telecommunications services, which already account for 12 per cent of Sema?s revenue, a core business for the company.
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