- BT agrees to sell Radianz to TNS for an undisclosed sum; completion is expected in H1 2026.
- Move aligns with BT’s shift to a UK-centred strategy while TNS expands low-latency trading reach.
What happened: BT sells Radianz to TNS
BT says it will sell Radianz to Transaction Network Services. The parties set completion for the first half of 2026, and they note the need for regulatory clearance. Radianz links brokers, venues and market data providers. Sector reports say it posts about £142m (about $192m) in FY2024/25 revenue. BT bought Radianz from Reuters in 2005 for $175m. The sale is reported by Telecoms.com, and BT carries the notice on its newsroom page.
Also read: BT extends five-year cloud pact with AWS
Also read: BT appoints Virgin Media O2 CFO to lead next chapter
Why it’s important
BT tightens its portfolio and puts more weight on its UK core. This can cut management load and sharpen capital use. It may also reduce leverage with multinationals that want broad reach. TNS gains more endpoints and deeper access to venues, which fits its low-latency strategy. TNS has backing from Koch Equity Development, so it has balance-sheet support for upgrades and expansion. History on the asset shows a long role inside BT’s global services arm. That context matters for clients that value continuity in market links. On balance, the call looks pragmatic. The near-term risk sits in integration and service handover. Trading customers will watch latency and uptime as the teams align nodes and contracts.
