BT Group Finally Sells Italian Division to Telecoms Provider Retelit

BT Group Finally Sells Italian Division to Telecoms Provider Retelit

Telecoms and broadband giant BT Group, which is primarily focused upon and based in the United Kingdom, has continued efforts to reduce their international operations this week by announcing a “preliminary” agreement to sell their sometimes troubled Italian business (BT Italia S.p.A) to Retelit for an undisclosed sum. The unit being sold, which focused on business-to-business services, generated revenues of approximately €160m (£136m) in 2024. T…

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BT agrees sale of Italian unit

News BT is to sell its remaining stake in its Italian unit to local telco Retelit, the Financial Times has reported today  Financial details of the deal have not been disclosed, but the unit sold generated revenues of approximately €160 million in 2024.  The “expansion will further strengthen Retelit’s coverage of the Italian corporate market, providing a more comprehensive suite of ICT infrastructure and services to support the innovation and t…