On October 01, 2004, the UK-based broadcaster BBC signed an IT outsourcing contract with Siemens Business Services (SBS)4, a subsidiary of the Germany-based Siemens AG (Refer Exhibit I for details about Siemens AG). The contract was one of its kind in the media industry and was one of the largest secured by Siemens in the UK. Under the terms of the contract, SBS acquired BBC Technology Limited (BBCTL), the commercial IT subsidiary of BBC and planned to sell IT services to BBC for the next ten years for £1.9 billion (2.7 billion euros). BBCTL provided IT, broadcast systems and telecom services to the BBC channels and other channels like ESPN5 and had around 1,400 employees. BBCTL was renamed Siemens Business Services Media Holdings and all the employees were transferred to the new entity.

Information Technology Outsourcing at the BBC.pdf