"BT to buy $200m worth of Israeli technology"

British Telecom execs met with Mind CTI, BitBand, MaxBill, TeleMessage and TeleKnowledge.

"British Telecom will buy $200 million worth of Israeli technology over the next three to five years," predicted Israel Export and International Cooperation Institute chairman Shraga Brosh after a meeting between Israel high-tech companies and British Telecom (NYSE:BTY; LSE:BT.A) executives.

The British Telecom executives met Mind CTI (Nasdaq:MNDO; TASE:MNDO), BitBand, MaxBill, TeleMessage and TeleKnowledge. The Israeli companies unveiled software and communications technologies to British Telecom at its headquarters in the UK.

Brosh said this was the first organized meeting between British Telecom and Israeli companies.

Published by Globes [online], Israel business news - www.globes.co.il - on December 19, 2004

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