Carillion telent Joint Venture statement
Carillion telent Joint Venture statement
Following the news this morning of the liquidation of Carillion, telent would like to reassure the customers, workers and sub-contractors of the Carillion telent Joint Venture (CtJV) that the CtJV remains open for business and there will be continuity of delivery to its customers.
Telecoms infrastructure is telent’s core business and it has 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.
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.
“Given our technical know-how, proven experience and financial strength, we will continue to successfully operate the CtJV activity. We have initiated implementation of our contingency plans this morning to ensure a smooth transition and are maintaining open communications with customers, workers and subcontractors.”
Mark Plato, Chief Executive Officer, telent