BT Latin America completes a successful first year after Comsat International acquisition

July 3, 2008

2 Min Read

LONDON -- BT has announced today that its Latin American organization has successfully completed its first year after the completion of the acquisition of Comsat International and has achieved the goal of reinforcing BT’s global capabilities to better serve its customers in the region.

With the acquisition of Comsat on the14 June of 2007, in the fiscal year ended 31st March 2008, BT Latin America revenues grew by 34% to $269 million, when compared like-for-like to the previous year, in which BT and Comsat International were separate groups. BT Latin America achieved a positive EBITDA.

João Macias, Vice President for BT Global Services Latin America, said: "Our strong performance in the region reflects the synergy we have obtained with the integration of Comsat into BT's Latin American organisation, as well as the spectacular response we have been receiving from customers, from governments to local or international companies, which need more than just connecting their Latin American offices to global business or corporate networks and who very clearly understand the advantages of our global sourcing services."

As a business carrier, BT has significantly improved its infrastructure with the acquisition of Comsat. Comsat has brought a highly qualified professional team and a comprehensive infrastructure throughout the Latin American region. BT now operates an extensive 180 POP pan-regional network covering Latin America, supplemented by VSAT satellite capabilities providing resilience, back-up and serving remote areas, as well as data centres in Argentina, Colombia and Brazil.

The combination of Comsat's geographic footprint and support facilities with BT’s portfolio of advanced telecommunications packages provides immediate and long-term solutions to address the IT-networked service needs of more than 2,000 customers in different sectors, ranging from finance, manufacturing, oil, retailing, media and pharmaceuticals to government and healthcare.

BT Group plc (NYSE: BT; London: BTA)

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