British Telecom, through BT Singapore Pte Ltd, will shortly buy out (lock, stock & barrel) Frontline Technologies Corporation of Singapore. Frontline Technologies Corporation owns 51% stake in Accel Frontline and this will very shortly make Accel Frontline 51 per cent owned by the $18-billion British Telecom.
This development will bring excellent business opportunities to Accel Frontline. This is the biggest milestone in the (16-year) history of the company and will bring benefits to all stakeholders.
Experts note that this is a clear case of change in ownership and BT will have to come out with an open offer.
Kolkata-based jute baron, Mr Arun Bajoria, had picked up 10 per cent stake in Accel Frontline, from the market in the last few months.
This development will bring excellent business opportunities to Accel Frontline. This is the biggest milestone in the (16-year) history of the company and will bring benefits to all stakeholders.
Experts note that this is a clear case of change in ownership and BT will have to come out with an open offer.
Kolkata-based jute baron, Mr Arun Bajoria, had picked up 10 per cent stake in Accel Frontline, from the market in the last few months.