LONDON (03/06/2000) - British Telecommunications PLC (BT) and the search and directory service provider LookSmart Ltd. have extended their joint venture to include the U.K., the companies announced today.
The joint venture to create and distribute portal services was launched by BT and LookSmart last November. The new company in the U.K. will be named BTLookSmart, BT and LookSmart said in a statement.
LookSmart and BT have said that together, they are spending US$200 million to develop country-specific Web portals in Europe and Asia using LookSmart's online navigation infrastructure. The U.K. alliance will focus on BT's 28 million Internet, wireless and telephone customers as a customer base, the companies said.
Furthermore, BTLookSmart has already signed syndication deals with Tesco Net Ltd., Channel 4 Television, the new woman's site BEME Ltd. and the ISP (Internet service provider) and shopping site Zoom Ltd., BT and LookSmart said.
BT, in London, can be reached at +44-207-356-5000 or at http://www.bt.com/.
LookSmart, headquartered in San Francisco, can be contacted at +1-415-348-7000 or at http://www.looksmart.com/.