Networking services joint venture AT&T Unisource Communications Services (AUCS) is being acquired by US based service provider Infonet, the companies announced today.
By combining their businesses, AUCS and Infonet will create a networking services giant that they estimate will serve over 50 per cent of the world's leading multinationals.
Financial details of the transaction were not disclosed, but the companies said they anticipate closing the deal during the third quarter of this year.
The acquisition by Infonet provides a convenient way for AT&T to exit the Unisource joint venture - something it said it would do ahead of its proposed alliance with BT. AT&T holds 40 per cent of the joint venture.
Analysts said the deal was an excellent one for Infonet and its customers. The deal will also benefit AUCS customers, according Berge Ayvazian, vice president of The Yankee Group.
"We consider the proposed acquisition?an extremely beneficial arrangement for the AUCS client base," said Ayvazian.
Meanwhile, networking analyst James Bennett at CIT Research, said the deal rationalises a double edged relationship between Unisource and Infonet.
"Unisource is a shareholder in Infonet, so they were running competing services in a lot of markets," said Bennett. "This is just a rationalisation."
Both companies provide voice, data and Internet services to multinational corporations across the world. AT&T Unisource serves worldwide customers through its relationship with Worldpartners - also included in today's deal.
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