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BATM is slowly consolidating its position as a world leader in fibre optic and photonic data communication. At the end of last year BATM raised £125m via a placing of shares at £38.50m. With this cash, the group has just launched a bid to purchase Telco Systems, a major US-based manufacturer of network transport and access systems for telecommunication companies. BATM has conditionally agreed to pay a total of £203.5m. £125m will be paid in cash, a further £41m satisfied by the issue of new ordinary shares to World Access (Telco's present owners) and the remainder will be raised by a placing of new BATM shares for cash. The purchase of Telco, which has a strong sales, distribution and technical support operation in the States, is expected to expand BATM's product range. In the next few weeks, BATM is expected to demonstrate and then launch its new range of products for the data communications market, moves that could provide a further boost to its already soaring share price.

BATM Advanced	LSE	£121.77m	31.25p	0.50p
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