BT divesting Latin America business to CIH

BT divesting Latin America business to CIH

CIH Telecommunications Americas has signed a reseller agreement with BT Group covering assets and infrastructure in 16 Latin American countries.

Under the deal, CIH will supply BT with local connectivity services, while distributing BT’s offering on a wholesale basis in the region. BT notes that it will continue to have a “strong presence” in Latin America, providing cloud, networking and security solutions to 21 countries.

BT’s divested assets include two fibre networks covering a total of 650km, 2000km of leased fibre lines, four data centres, and five teleports. Across the fiscal year 2018/19, these accounted for GBP110 million (US$127 million) worth of revenue.

The terms of the deal were finalised in March this year but have not been disclosed. The sale requires regulatory clearance and should be concluded by the end of 2020.

BT’s divested business has its headquarters in Sao Paulo, Brazil, and has an estimated value of around GBP1 billion. The British group is in the process of spinning off its BT Global Services operation in a bid to “become a more agile and focused business.”

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