BT Group has concluded the sale of its operations and infrastructure in Latin America to CIH Telecommunications Americas, an affiliate of CIH Technology Holdings. CIH Group, a global private equity firm based in Washington D.C. and Singapore. The deal was first announced on 19 March 2020.
Offloaded assets include two owned fibre networks with total length of 650km, 2000km of leased fibre lines, four data centres and five teleports. Operations within the scope of the transaction delivered revenue of GBP110 million (USD141.9 million) to BT in fiscal year 2018/19.
The divested business will operate under the name of Sencinet. The new company says it connects more than 25,000 locations across Argentina, Brazil, British Virgin Islands, Ecuador, Chile, Colombia, Costa Rica, Dominican Republic, El Salvador, Guatemala, Honduras, Mexico, Nicaragua, Panama and Peru and the United States. Its client portfolio of around 400 companies is made up of leading brands in segments such as oil and gas, energy, mining, government, banks, telecoms and retail operators, among others.