PlusNet, the Sheffield-based internet service
provider, today outlined the basis of its proposed relationship with BT
Group.
It also announced the placing of 12.6m of its shares - 45 per cent of the
total - by Insight Direct.
The placing is fully underwritten by Robert Baird.
BT Retail and PlusNet have agreed to share technical knowledge on the
development and marketing of each other's proposed Broadband products,
including fixed access, wireless access, mobile services and Voice-over IP.
PlusNet is positioning itself to become BT's preferred partner for test
marketing and preferred reseller for early launch of related products and
services.
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