BT completes the sale of its wholesale and enterprise business unit in Ireland to Speed Fibre Group

BT announced that it has completed the sale of its Irish wholesale and enterprise business unit to Speed Fibre Group.

The transaction, first announced on 5 February 2025, has been cleared by the Irish the Competition and Consumer Protection Commission.

BT will maintain a strong presence in Ireland post divestment, with over 300 colleagues serving multinational companies and large organisations, and offices in Dublin and regionally. This team will also continue delivering the Emergency Call Answering Service. In Dublin, BT also employs over 100 experts in its global procurement unit, BT Sourced.

The transaction also includes a long-term agreement between BT and Speed Fibre Group to source connectivity for their respective customers from each other.

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 was advised on the transaction by Citi, PWC, and Simmons & Simmons. Cordiant and Speed Fibre Group were advised by McCann Fizgerald, PwC, and Matheson.

BT Group is the UK’s leading provider of fixed and mobile telecommunications and related secure digital products, solutions and services.

BT Group consists of three customer-facing units: Consumer serves individuals and families in the UK; Business covers companies and public services; Openreach is an independently governed, wholly owned subsidiary wholesaling fixed access infrastructure services to its customers - over 700 communications providers across the UK.

British Telecommunications plc is a wholly owned subsidiary of BT Group plc and encompasses virtually all businesses and assets of the BT Group. BT Group plc is listed on the London Stock Exchange.

For more information, visit www.bt.com/about