Abstract This paper considers a multicell downlink channel in which multiple base stations (BSs) cooperatively serve users by jointly precoding shared data transported from a central processor over limited-capacity backhaul links. We jointly design the beamformers and BS-user link selection so as to maximize the sum rate subject to user-specific signal-to-interference-noise (SINR) requirements, per-BS backhaul capacity and per-BS power constraints. As existing solutions for the considered problem are suboptimal and their optimality remains unknown due to the lack of globally optimal solutions, we characterized this gap by proposing an globally optimal algorithm for the problem of interest. Specifically, the proposed method is customized from a generic framework of a branch and bound algorithm applied to discrete monotonic optimization. We show that the proposed algorithm converges after a finite number of iterations, and can serve as a benchmark for existing suboptimal solutions and those that will be developed for similar contexts in the future. In this regard, we numerically compare the proposed optimal solution to a current state-of-the-art, which show that this suboptimal method only attains 70% to 90% of the optimal performance.