BT concludes the sale of selected domestic operations in Latin America to CIH
Transaction furthers BT’s transformation of its Global unit and supports continuity and growth opportunities for customers and employees in the region
BT today announced that it has concluded the sale of its domestic operations and infrastructure in Latin America to CIH Telecommunications Americas LLC (‘CIH’), an affiliate of CIH Technology Holdings, announced on March 19, 2020. The divested business will operate under the name of Sencinet.
The transaction is part of BT’s ongoing transformation of its Global unit and will deliver continuity and growth opportunities for customers and employees in the region. BT will maintain a strong presence in the region, delivering next-generation networking, cloud, and security services to multinational customers across 21 countries.
BT and CIH have established a dynamic new channel relationship that allows domestic customers based in Latin America to access BT products, services and solutions globally, and provides global customers with access domestic services in Latin America in a seamless, secure, and reliable way.
Assets and operations within the scope of the transaction delivered revenue of £110m to BT in fiscal year 2018/19. They include two owned fibre networks with total length of 650km, 2000km of leased fibre lines, four data centres, and five teleports.
“We are delighted to conclude this successful transaction, which represents the next step in our strategy to become a more agile and focused business. This initiative will help us to keep the business moving forward and continue to connect communities, businesses, and governments. Latin America is a strategic market for BT and we are pleased to begin a new chapter in the region with Sencinet as a strategic partner,” said Bas Burger, CEO of Global, BT.
BT’s purpose is to use the power of communications to make a better world. It is one of the world’s leading providers of communications services and solutions, serving customers in 180 countries. Its principal activities include the provision of networked IT services globally; local, national and international telecommunications services to its customers for use at home, at work and on the move; broadband, TV and internet products and services; and converged fixed-mobile products and services. BT consists of four customer-facing units: Consumer, Enterprise, Global and Openreach.
For the year ended 31 March 2019, BT Group’s reported revenue was £23,428m with reported profit before taxation of £2,666m.
British Telecommunications plc (BT) is a wholly-owned subsidiary of BT Group plc and encompasses virtually all businesses and assets of the BT Group. BT Group plc is listed on the London stock exchange.
For more information, visit www.btplc.com