Brussels, 25/04/2005 (Agence Europe) - The acquisition of the US-based company Radianz, a financial services extranet provider, by BT Group has been given the go-ahead. Radianz is a provider of extranet services to the financial community. Its shared infrastructure called RadianzNet enables financial firms to exchange information and execute trades over this secure extranet hub. The Commission concluded that the acquisition would not significantly impede effective competition in the EEA or in any substantial part of it, as the parties' activities do not overlap, and as there will be no negative impact either on the market for the provision of extranet services to the financial community or on the upstream global telecommunication services market. BT is expected to buy out Radianz for USD 175 million and conclude an agreement with the current owner, the Reuters Group PLC, for network services worth up to EUR 3 billion for an eight and a half year period.