BT will retain a strong presence in Ireland, with more than 300 people employed in its Dublin and regional offices.

Telecoms infrastructure company Speed Fibre Group has completed its acquisition of BT’s Irish wholesale and enterprise business unit. The €22m deal was announced earlier this year and has been cleared by the Competition and Consumer Protection Commission.

Following the acquisition, BT Communications Ireland Limited’s (BTCIL) domestic network infrastructure, its consumer base and wholesale and enterprise teams will be integrated with Speed Fibre Group, which is the parent company of telecoms Enet and Magnet+.

Through the acquisition, Speed Fibre Group has stated the company will be able to better support the growing data centre sector, next-generation computing and AI requirements. 

According to BT, the organisation will maintain a strong presence in Ireland post acquisition, with more than 300 employees serving multinational companies, large organisations and offices in Dublin and regionally throughout the country. 

It will continue delivering the Emergency Call Answering Service and in Dublin, BT also employs more than 100 people in the global procurement unit, BT Sourced.

The acquisition also includes a long-term agreement between BT and Speed Fibre Group to source connectivity for their respective customers from one another. 

Commenting on the news, Bas Burger, the 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.”

Peter McCarthy, the CEO of Speed Fibre Group, added, “Importantly, this acquisition also aligns with our long-term plans to futureproof Ireland’s telecommunications landscape and support Ireland’s growing digital economy. 

“Our next-generation infrastructure is designed to support high volume and decentralised data flows essential for sectors like AI, pharma and cloud services who require fast, reliable and scalable connectivity.”

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