(Reuters) -BT Group said on Tuesday it would sell its Radianz business to Transaction Network Services, as Britain's largest broadband and mobile services provider explores options to optimize its
BT Group Sells Radianz Business to Transaction Network Services
(Reuters) -BT Group said on Tuesday it would sell its Radianz business to Transaction Network Services, as Britain's largest broadband and mobile services provider explores options to optimize its international business.
Radianz — which BT had acquired from Reuters in 2005 for $175 million — operates financial information networks, connecting brokers, institutions, exchanges to essential applications and services powering global capital markets.
The Financial Times had reported last year that BT was working with investment bankers on a potential sale of Radianz, part of CEO Allison Kirkby's strategy to simplify the UK telecom group.
Radianz had generated revenue of about 142 million pounds during the fiscal year 2024-25, BT said.
TNS, headquartered in the United States with offices across Europe and Asia, offers ultra-low latency trading infrastructure, connectivity and market data services.
The transaction is expected to complete during the first half of 2026.
($1 = 0.7402 pounds)
(Reporting by Aatrayee Chatterjee in Bengaluru; Editing by Shilpi Majumdar)
