CS has received an offer to acquire CS IT infrastructures division



CS Communication & Systèmes announced today it has received from British Telecommunications plc, one the world's leading providers of communications and IT solutions and services, a binding offer to acquire CS IT infrastructures division for up to € 60 million. This division employs approximately 1,400 people and made € 137.7 million revenue in 2006. Both CS and BT will now commence consultation with the representatives from their respective workers councils. The completion of the transaction, for which exclusivity has been granted by CS to BT until November 30 2007, is also subject, amongst other matters, to merger and other regulatory clearances.