BT completes the sale of its wholesale and enterprise business unit in Ireland to Speed Fibre Group.
BT will retain a strong presence in the Irish market to deliver connectivity, cloud and security services to multinationals and large organisations.
BT announced the completion of the sale of its Irish wholesale and enterprise business unit to Speed Fibre Group.
The transaction, first announced on 5 February 2025, received clearance from the Irish Competition and Consumer Protection Commission.
Post-divestment, BT will maintain a strong presence in Ireland with over 300 employees serving multinational companies and large organisations, alongside offices in Dublin and the regional areas. This team will continue to deliver the Emergency Call Answering Service, while BT employs over 100 experts in its global procurement unit, BT Sourced, in Dublin.
The transaction includes a long-term agreement allowing BT and Speed Fibre Group to source connectivity for their respective customers from each other.
Building Automation System (BAS) Burger, CEO of BT International, said, “We are delighted to conclude this successful transaction which represents the next step in our strategy to become a more agile and focused business. We will continue to invest in this important market for our multinational customers to provide them with secure multi-cloud connectivity and deliver on our purpose to connect for good.”
BT received advice on the transaction from Citi, Programmable Wide Area Network (WAN) Controller (PWC), and Simmons & Simmons. Cordiant and Speed Fibre Group were advised by McCann Fitzgerald, PWC, and Matheson.