BT has agreed to sell its Irish wholesale and enterprise unit including BT’s domestic network infrastructure, more than 400 customers, and associated teams supporting the wholesale and business enterprises to Cordiant subsidiary Speed Fibre Group.
The transaction will not include BTCIL’s multinational customer base, large Irish organizations, the Emergency Call Answering Service, associated employees, and the recently divested data center business.
“This acquisition enables us to deliver even greater value to our customers by expanding our range of connectivity solutions. It’s a positive development for the Irish market, providing us with the scale and capabilities to better serve our growing customer base,” said Peter McCarthy, CEO of Speed Fibre Group.
Bas Burger, CEO of Business, BT, added: “Today’s announcement is another key milestone in focusing our international business on what it does best: providing secure multi-cloud connectivity to large organizations globally and in Ireland. Our Irish wholesale and enterprise business unit, which has been a leading alternative provider for more than 30 years, will enter a new era with Speed Fibre Group.”
