BT has reached an agreement to sell selected domestic operations and infrastructure across 16 countries in Latin America to CIH Telecommunications Americas LLC, an affiliate of CIH Technology Holdings, as part of the ongoing transformation of its Global unit. No financial details were disclosed but BT said the assets and operations in the scope of the transaction delivered revenue of GBP 110 million in the 2018-19 fiscal year.
The divested business is headquartered in Sao Paulo and includes two proprietary fibre networks with a total length of 650 km, 2,000km of leased fibre lines, four data centres and five teleports. Under the terms of the deal, BT and CIH have entered into wholesale and reseller agreements, under which CIH will act as a regional channel for BT’s products and services and continue to supply domestic connectivity services to BT.
The UK group said it intends to retain a strong presence in the region after the sale, delivering networking, cloud and security services to multinational customers across 21 countries. It said the transaction is subject to regulatory approval and is expected to complete by the end of the calendar year.
