Carillion telent Joint Venture statement
Updated website statement 16th January 2018
Following the news of the liquidation of Carillion, we confirm that the Carillion telent Joint Venture (CtJV) remains open for business and there will be continuity of delivery to its customers. There will be no adverse impact to any of telent’s other business and customers.
Telecoms infrastructure is telent’s core business and we have been involved with providing services to BT to maintain and develop their network for over 20 years.
The CtJV was established with Carillion in 2009, with a legal structure that gives telent the right to step into 100 percent of the Joint Venture in the event of insolvency, enabling the Ct JV to continue to operate, providing continuity and business as normal to its customers, workers and subcontractors.
telent has had management oversight of the Ct JV since its inception and various members of telent’s management team have devoted a considerable amount of time to Ct historically. That engagement will continue as Ct becomes 100% telent operated.
Existing contracts will be honoured and continue to run as normal, including the two biggest contracts with Openreach and Gigaclear. All workers involved in the joint venture not currently employed by telent will transfer to telent, securing all jobs and delivery of the service. Subcontractors to the CtJV will continue to operate under their existing arrangements.
We initiated implementation of our contingency plans for the Ct JV on Monday morning to ensure a smooth transition and are maintaining open communications with customers, workers and subcontractors.
Mark Plato, Chief Executive Officer, telent