BT partners with leasing house CIT

Telco titan to offer financing packages after inking deal with leasing provider and Avaya

BT is to open a range of leasing options for its customer base after agreeing a partnership with CIT Vendor Finance.

The telco giant has agreed the deal with the leasing house under the Avaya Financial Services private label programme. BT will be offering financing on telecoms kit across its Retail, Global Services and Wholesale arms, as well as the BT Local Business network of 40 companies across the UK.

Declan McClone, general manager at BT Finance Leasing, said: "We are extremely pleased to be working with the team at CIT Vendor Finance to offer leasing solutions. CIT has a proven track record of delivering high-quality products and services within the technology sector and we look forward to growing this opportunity together."

Rich Green, CIT Europe president, added: "We are delighted to have the opportunity to work with the BT Group. This is an exciting new partnership which will enable BT to offer a wider range of financing options and services to their customers."