UKNM: from wired

[Lee Rickler]

Anyone seen this/ care/ know anything about this?


>From wired news,

British ISP sold: Concentric Network has

                     agreed to buy Internet Technology Group

                     for $235 million in cash and stock, the

                     most expensive acquisition of a British

                     Internet service provider ever. 


                     The companies both run high-speed

                     networks linking major European and US

                     cities, and together plan to provide

                     Internet access to residential and

                     business customers across Europe and

                     the United States. 


                     In June, Microsoft said it would invest

                     $50 million in Concentric, which agreed to

                     carry traffic for the software giant's Web

                     TV domestic Internet service. If Microsoft

                     were to launch Web TV in Europe,

                     Concentric could provide access there, a

                     company executive said.


Lee


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