- BT sells its Irish wholesale and enterprise business to Speed Fibre Group.
- The €22 million deal includes BTCIL infrastructure but excludes key services.
What happened: BT offloads Irish wholesale and enterprise business
BT Group has agreed to sell its Republic of Ireland wholesale and enterprise business to Speed Fibre Group for €22 million. The sale covers BT Communications Ireland (BTCIL), which includes infrastructure, over 400 customers, and related teams. However, BT has excluded BTCIL’s customer base of large organisations, emergency call answering services, and its Irish data centre business, which is being sold to Equinix.
The agreement also includes a long-term supply deal between BT and Speed Fibre Group. BT has stated that it will continue to provide connectivity, cloud, and security services to multinationals and large organisations in Ireland. The deal is still subject to regulatory approval and is expected to close later in 2025.
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Why it’s important
BT is selling its Irish wholesale and enterprise business to reduce international operations and focus on the UK market. The sale enables Speed Fibre Group to expand in Ireland’s wholesale and B2B markets. BT will exit the wholesale and enterprise sector but retain a presence in cloud, connectivity, and security services. This move reflects BT’s shift towards multi-cloud services for large organisations.
