BT Announces Sale of Its Irish Business Unit to Speed Fibre Group

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BT Announces Sale of Its Irish Business Unit to Speed Fibre Group
BT has agreed to sell its Irish wholesale and enterprise business, BT Communications Ireland Limited (BTCIL), to Speed Fibre Group for EUR 22 million. The deal, subject to regulatory approval, is expected to close in 2025. “The transaction also comprises of a long-term agreement for BT and Speed Fibre Group to source connectivity for their respective customers from each other,” BT said on Wednesday.

Also Read: Equinix to Acquire BT’s Datacentre Business in Ireland for EUR 59 Million

Key Details of the Acquisition

The acquisition includes BTCIL’s…



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BT Announces Sale of Its Irish Business Unit to Speed Fibre Group


BT Announces Sale of Its Irish Business Unit to Speed Fibre Group
BT has agreed to sell its Irish wholesale and enterprise business, BT Communications Ireland Limited (BTCIL), to Speed Fibre Group for EUR 22 million. The deal, subject to regulatory approval, is expected to close in 2025. “The transaction also comprises of a long-term agreement for BT and Speed Fibre Group to source connectivity for their respective customers from each other,” BT said on Wednesday.

Also Read: Equinix to Acquire BT’s Datacentre Business in Ireland for EUR 59 Million

Key Details of the Acquisition

The acquisition includes BTCIL’s…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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