As part of its continued effort to pare down its Global business unit, BT has agreed to sell-off its domestic operations in France to Computacenter.
BT will sell its domestic operations, which includes the management and maintenance of IT and network infrastructure, as well as networking and related professional services, to Computacenter. Those assets generated about $130 million in revenue in BT's most recent fiscal year. The transaction, which is subject to regulatory and competition approvals, is expected to be completed before the end this year.
BT said it would retain a strong presence in France after the sale, focusing on delivering next-generation networking, cloud and security services to multinational customers.
The two companies announced in March that they had entered into negotiations. At that time, Compucenter said the acquisition would enable it to strengthen its position in the French networking market and increase the number of its major domestic customers in France.
Also in March, BT shed some of its domestic operations and infrastructure in 16 Latin America countries as part of an overhaul of its Global business unit. BT sold those assets to CIH Telecommunications Americas, but said the two companies agreed not to disclose the purchase price of the deal that was struck in March.
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BT has been in the process of whittling down its Global division, which was called Global Services before a name change last year, in order to focus on higher margin access deals to support its large multi-national customers. As part of that process, BT sold its Spanish fiber networks and data centers to private equity group Portobello Capital in December.
As the incumbent, BT is the U.K.'s largest fixed network and biggest mobile operator with a history that dates back to 1846. BT endured an accounting scandal in 2017 in its Global Services division in Italy that led to a $10 billion decline in its market value at the time.
RELATED: BT picks Juniper Networks to help build out its converged network
As part of its effort to streamline and update its network operations, BT announced last year that it had picked Juniper Networks and other vendors to build out its converged network. The converged network, which BT calls Network Cloud, rolls BT's fixed, video, mobile and Wi-Fi services and applications onto one platform