Acquisitions
The total consideration for acquisitions
in 2008, was £480 million. Goodwill arising on acquisitions made
in 2008 was £320 million.
The
acquisition of Comsat completed in June 2007 for a total consideration
of £130 million. Net of deferred consideration and cash acquired,
the net cash outflow was £122 million. The provsional fair value
of Comsat’s net assets at the date of acquisition was £57
million, giving rise to goodwill of £73 million. Other acquisitions
made by BT Global Services, for a total consideration of £279
million, include Frontline, Technologies Corporation Limited (Frontline),
i2i Private Enterprise Limited (i2i) and Net 2S S.A (Net 2S). Net
of deferred consideration and cash acquired, the net cash outflow
in respect of these acquisitions was £191 million. The provisional
fair value of the companies’ net assets at the various dates
of acquisition was £79 million, resulting in goodwill of £200
million.
Acquisitions
made by BT Retail, for a total consideration of £71 million, include
Lynx Technology, Basilica and Brightview. Net of deferred consideration
and cash acquired, the net cash outflow was £60 million. The provisional
fair value of the companies’
net assets at the various dates of acquisition was £24 million,
giving rise to goodwill of £47 million.
In
2007 the total consideration for acquisitions made was £343 million.
The acquisition of INS completed in February 2007, for a total consideration
of £133 million. Net of deferred consideration and cash acquired,
the net cash outflow was £129 million. The fair value of INS’s
net assets at the date of acquisition was £36 million, giving rise
to goodwill of £97 million. Other acquisitions made by BT Global
Services in 2007, for a total consideration of £103 million, included
Counterpane LLC and I3IT Limited. Goodwill of £72 million was recognised
in respect of these acquisitions.
Acquisitions
made by BT Retail in 2007, for a total consideration of £107 million,
include PlusNet and dabs.com. Goodwill of £54 million was recognised
in respect of these acquisitions.
Consideration
for acquisitions made in 2006 was £277 million mainly due to the
acquisitions of Radianz and Atlanet.
<< Previous
back to top Next >>
|
