BT and Transaction Network Services (ĢƵ) today announced that ĢƵ has agreed to acquire BT’s Radianz business. The transaction is expected to complete during the first half of 2026 subject to customary closing conditions, including regulatory clearance.
Launched over 20 years ago, Radianz provides financial information exchange networks and connects a global community of brokers, institutions, exchanges and clearing and settlement houses to the thousands of applications and services they need for the everyday running of the world’s capital markets.
ĢƵ is a global provider of ultra-low latency trading infrastructure, connectivity and market data services.
The planned transaction aligns with BT’s strategy to become a UK-focused national champion while exploring options to optimise its international business.
“This is an exciting development for clients of both ĢƵ and Radianz who will now have access to the combined suite of services in addition to our investments in new capabilities,” said Tom Lazenga, General Manager, ĢƵ Financial Markets. “With a large global network of financial endpoints and our industry leading low latency platform, today’s news firmly cements ĢƵ as the premier partner serving financial market participants globally.”
Bas Burger, CEO of International at BT said: “Today’s announcement is another key milestone in focusing our international business on what it does best: providing secure multi-cloud connectivity to large organisations globally. Our Radianz business unit will enter a new era with ĢƵ and we are confident that ĢƵ will continue to deliver exceptional service to customers.”
Phil Swindle, Managing Director, BT Radianz, added: ”We are proud to have grown and transformed Radianz over the past years while delivering mission critical services to the financial markets community. I am confident that through this planned transaction the complementary strengths of both Radianz and ĢƵ will unlock new opportunities, drive innovation and create sustainable growth for our existing and new customers.”
Evercore served as financial advisers to ĢƵ and Jones Day served as legal advisers to ĢƵ. Citi served as financial advisers to BT and Bryan Cave Leighton Paisner served as legal advisers to BT.