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General

BT preparing to sell troubled Italy unit - report

Tuesday 4 April 2017 | 09:44 CET | News
BT is taking steps to sell its troubled Italian business to a local rival as part of a restructure of its Global Services division, according to unnamed sources cited by The Telegraph. A senior BT delegation recently visited Milan for talks with BT Italia's new management following the accounting scandal that saw the company's shares plummet by over 20 percent and resulted in the resignation of continental Europe chief Corrado Sciolla. According to the report, the talks were aimed at making sure BT Italia is packaged up as something that can be sold to potential buyers such as broadband

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Categories: General
Companies: BT Italia / Fastweb / Mediaset / Telecom Italia / Vodafone Italia
Countries: Italy
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