BT's attempt to take over international managed network services firm Infonet has received a boost with the announcement that the deal has received early clearance from US antitrust authorities.
The telco has been granted an early termination of the Hart-Scott-Rodino 30-day waiting period, and no antitrust objections to the transaction have been raised.
BT hopes that the acquisition will soon receive clearance from a number of other agencies, including the European Commission. The deal is scheduled to complete in the first half of 2005.
The telco announced the definitive agreement to acquire Infonet on 8 November 2004, marking an attempt to improve its provision of global managed voice and data network services to multinational organisations, and to deepen the company's presence in North America and Asia Pacific.
In a statement BT said that it will "enhance Infonet's offering to include broader solutions and services, outsourcing and systems integration, as well as BT's domestic managed network service portfolio in major markets around the world".
Infonet has local operations in 70 countries, together with network access in about another 180 countries, points of presence in about 3,000 cities and strong sales and support partnerships around the world.
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