BT buys North tech firm BIC Systems

NORTHERN technology firm BIC Systems has been sold to British Telecom for about €25 million.

BIC employs 160 people at its offices in Dublin and Belfast and has been in business for 20 years. The company was set up by three Queen's University graduates.

Esat BT chief executive Bill Murphy said the deal was an exciting purchase for BT and was a signal of its expansion plans outside the telecoms market.