British Telecom set to exit Chennai company Accel
Jul 28, 2011 at 5:20 am in News by LT Writer · Leave a Comment »
British Telecom is set to exit Accel Frontline Ltd, a Chennai-based IT company, in which it has 51 per cent stake. It is reliably learnt that the formal bye-bye deal will happen in a few days.
The British telecommunications major ended up with 51 per cent (1.15 crore shares) in the Rs 330-crore Chennai-based IT company in May 2007, when it took over Accel Frontline`s erstwhile partner, Frontline Technologies of Singapore.
Accel Frontline, listed on the NSE and the BSE, provides a [read more →]



