British Telecommunications plc (BT), the networked IT services provider (including IP infrastructure, application services, outsourcing solutions and business transformation), announced a series of investments aimed at doubling its business in key Latin American countries over the next three years.
The company plans to hire 250 new staff, increase its professional services capabilities and open new centers. BT in Latin America currently operates in 22 countries and has around 1,000 employs. BT serves 1,300 organizations in the region, including a number of global multinational companies, such as Unilever, Rhodia, BASF, Fiat, ECT – Empresa Brasileira de Correios e Telégrafos (the state-owned Brazilian Post Office and Telegraph Company), Caixa Economica Federal, Pão de Açúcar , Ecopetrol and Colombia's Ministry of Information and Communication Technologies.
BT's research has identified an addressable market for the company in the Latin American region of USD 18, 56 billion as at 31 March 2011 the growth was at 7% per annum.
Jeff Kelly, CEO BT Global Services said, "Latin America is showing great dynamism and ability to grow in the face of a turbulent global economy. Our global customers recognise this. Right now, they are expanding and investing in the region. At BT we also understand that large Latin-American companies, the "multilatinas", are rolling out ambitious strategies of globalisation. These powerhouse players need consistency across their global operations, in their home bases and all over the world. That is exactly what our investments allow us to deliver to them."