Telecommunications firm to sell assets to HP, strengthening the already close partnership

BT looks to sign ?1.5b deal with HP

BT is in talks with computing giant HP to sell its 24 British data centres for a £1.5 billion sum.

The deal, which is expected to be signed in the next few weeks, comes ahead of BT’s preliminary results on Thursday, and will strengthen the already strong ties between the two firms thanks to a four-year old alliance.

The 24 data centres store reams of information for corporate customers, and BT admitted that HP was better equipped to deal with the increasing demand being placed upon them.

BT intends to improve the profitability of its global services division with the huge contract, as it focuses the division on simplifying corporate networks

The telecommunications firm will transfer 400 staff over to HP, and will take over the management of its voice and data networks globally. Insiders denied claims that the move was evidence that the two firms are inching towards a corporate merger.

It will however help maintain the partnership which has served the two firms well in the past through the acquisition of several key joint contracts.

Link: The Sunday Times

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