CIH Technology Holdings to acquire BT Latin American operations.

CIH Technology Holdings, a private equity partnership firm, is set to acquire the Latin American operations and infrastructures of BT Group. Financial terms were not disclosed. The transaction is part of BT’s ongoing transformation of its Global unit and will deliver continuity and growth opportunities for customers and employees in the region. BT and CIH have also entered into wholesale and reseller agreements, under which CIH will act as a regional channel for BT’s products and services and continue to supply domestic connectivity services to BT. “We are very excited to be re-entering global telecommunications after having successfully focused on the technology sector over a number of years. We have considerable experience in the region and the sector, and greatly look forward to growing the business and providing the highest level of service to all customers in the region, including BT. The acquired business fits very well with our strategy and existing global portfolio,” said George Kappaz, CIH Chairman.