BT is to buy a 20 per cent stake in a leading Latin American telecomms company. Dancing the tango with a red rose clamped between its teeth, BT serenaded ImpSat with a £90 million bid the company simply couldn't refuse. ImpSat, which has networks in key cities in Argentina, Brazil, Colombia, Ecuador, Mexico and Venezuela, will also become a distributor of Concert, BT’s global services company once the deal is ratified. The company provides major corporates with voice, data, Internet and e-commerce services. "Communications in Latin America is a high growth area and I am particularly pleased to have ImpSat as a partner because of its excellent reputation and access to major corporate customers," said BT's CEO, Sir Peter Bonfield. It also means that all those hot-blooded BT execs who learnt Latin at public school will at last have the chance to use it. ®