BT has renewed its finance and accounting outsourcing deal with Xansa for another six years, in a £128m contract.

Xansa will continue to to manage BT's UK finance and accounting function, transaction processing, ledger and payroll services using both onshore and offshore outsourcing.

'Not only does its outsourcing service provide us with transaction process expertise, but the company has an in-depth understanding of our business and is committed to helping us deliver our key outcomes,' said Andrew Kemp, group director of reporting, planning and analysis at BT.

Bill Alexander, chairman and acting chief executive of Xansa, said: 'This extension is a great endorsement of the work that we have been doing for BT over the past 20 years.'