France Telecom set to acquire GTL’s IT business - reportFrance Telecom is set to acquire network service provider GTL’s IT business for about INR 2.5 billion to 3 billion, writes India’s Economic Times. A source close to the deal said that the acquisition will be made through France Telecom’s business arm, Orange Business Services. A spokesperson for GTL said that no agreement has been signed yet. GTL’s IT division provides managed services, enterprise management systems and networking services. French newspaper La Tribune adds that France Telecom, which has entered exclusive negotiations for the purchase, confirmed its interest in two units to strenthen its IT and network services for businesses in India. The carrier would not confirm the reported acquisition price however. La Tribune writes that France Telecom was chosen over BT Group and US company EMW.
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