BBC Technology Handed To Siemens For £2bn

BBC Technology, the tech arm of BBC which was up for sale, has been bought by Siemens Business Services, for £2bn.

Siemens will provide a 10-year managed services contract for the broadcaster from this autumn. It will have responsibility for the BBC’s entire broadcast engineering, satellite and desktop infrastructure, and will manage £20m in revenue from external broadcasters.

Guardian (reg. req): It will also take over a number of external contracts held by the division, part of the BBC Ventures commercial spin-off arm, including ESPN and mobile phone operator 3.

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