- BT’s new strategy is to focus on the UK market
- It is seeking to offload, or attract joint investors for, its international assets
- BT has agreed to sell Radianz, which provides secure networking services to the global financial sector, to US-based Transaction Network Services (TNS)
In line with the UK-focused strategy outlined last year by CEO Allison Kirkby, BT is selling Radianz, its specialist unit that provides secure networking services to the global financial community, to Reston, Virginia-based Transaction Network Services (TNS), a trading infrastructure, connectivity and payments processing company, as part of its ongoing effort to offload its international operations.
BT declined to share financial details or customer numbers but noted in its announcement about the deal that Radianz – which it describes as the “largest financial information eXchange (FIX) network in the world”, connecting customers in more than 50 countries – generated revenues of £142m in the financial year that ended in March 2025. The Financial Times previously reported that the business generates annual earnings before interest, taxes, depreciation and amortisation (EBITDA) of between £60m and £70m. The deal is expected to close during the first half of 2026.
BT acquired Radianz from financial news agency Reuters in 2005 for $175m as part of a broader services deal.
