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.
For further information
Aleksander Straunik, Head of External Relations, Global.