MILAN: Telecom Italia<\/a> (TIM<\/a>) has signed a preliminary agreement with BT<\/a> to buy two of the British telecoms group's business units in Italy, the companies said in a joint statement on Thursday. 意大利电信(TIM)签署了一项初步协议,英国电信收购英国电信集团的两个业务单元在意大利,公司周四在一份联合声明中表示。
The two units serve Italy's public administration and small and medium businesses and had combined revenues of about 90 million euros ($109 million) in the fiscal year ending in March.
BT, Britain's biggest fixed-line and mobile telecoms firm, will continue to operate in Italy serving multinational businesses and organisations, under a broader overhaul of BT's global operations.
The transaction, whose value was not disclosed, is expected to be completed by the end of the first quarter of next year.
BT's Italian unit was hit by an accounting scandal which required the company to take a 530 million pound ($705 million) charge in early 2017.
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意大利电信同意在意大利买两个英国电信业务单位
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MILAN: Telecom Italia<\/a> (TIM<\/a>) has signed a preliminary agreement with BT<\/a> to buy two of the British telecoms group's business units in Italy, the companies said in a joint statement on Thursday.
The two units serve Italy's public administration and small and medium businesses and had combined revenues of about 90 million euros ($109 million) in the fiscal year ending in March.
BT, Britain's biggest fixed-line and mobile telecoms firm, will continue to operate in Italy serving multinational businesses and organisations, under a broader overhaul of BT's global operations.
The transaction, whose value was not disclosed, is expected to be completed by the end of the first quarter of next year.
BT's Italian unit was hit by an accounting scandal which required the company to take a 530 million pound ($705 million) charge in early 2017.
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