CIH completes acquisition of BT’s Lat Am operations

CIH completes acquisition of BT’s Lat Am operations

BT Group has closed the sale of its Latin American units and assets to CIH Telecommunications Americas.

The deal was made public in March 2020, and encompasses two fibre networks owned by BT with a combined length of 650km, as well as 2000km of leased fibre, four data centres and five teleports. CommsUpdate notes that the units provided BT with revenue of GBP110 million (US$141.9 million) over the fiscal year 2018/19.

CIH Technology Holdings is affiliated with private equity firm CIH Group, and will rebrand BT’s operations as Sencinet. The acquisition gives it presence in locations across Central and South America as well as the Caribbean.

The full list of counties includes Argentina, Brazil, the British Virgin Islands, Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, El Salvador, Guatemala, Honduras, Mexico, Nicaragua, Panama and Peru.

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