Feeds

BT feeling Blu after Italy 3G bid collapse

What's hatred among friends?

  • alert
  • submit to reddit

Protecting against web application threats using SSL

BT confirmed today that Italian mobile company Blu has withdrawn from the bidding for the third generation mobile licences in Italy.

The collapse follows failure to agree with fellow shareholders on how to proceed with the bidding - reports suggest that other members thought BT should shoulder more responsibility, as it is a telco itself.

The Blu consortium is lead by the Benetton family-controlled Autostrade, holding 32 per cent. BT holds a 21 per cent stake.

BT said it was willing to support the bid to a higher level, and agreed in principle that it should have a larger stake in the venture, but said that it could not shoulder as much of the risk as the rest of the group had wanted.

The move comes as a blow to the Italian government as now there are only five bidders left to "compete" for the five licences.

The government had hoped to raise around E21 billion from the sale, but dismissed suggestions that it would have to restructure its budget following the auction's collapse. ®

Choosing a cloud hosting partner with confidence

More from The Register

next story
Wanna keep your data for 1,000 YEARS? No? Hard luck, HDS wants you to anyway
Combine Blu-ray and M-DISC and you get this monster
US boffins demo 'twisted radio' mux
OAM takes wireless signals to 32 Gbps
Google+ GOING, GOING ... ? Newbie Gmailers no longer forced into mandatory ID slurp
Mountain View distances itself from lame 'network thingy'
Apple flops out 2FA for iCloud in bid to stop future nude selfie leaks
Millions of 4chan users howl with laughter as Cupertino slams stable door
Students playing with impressive racks? Yes, it's cluster comp time
The most comprehensive coverage the world has ever seen. Ever
Run little spreadsheet, run! IBM's Watson is coming to gobble you up
Big Blue's big super's big appetite for big data in big clouds for big analytics
Seagate's triple-headed Cerberus could SAVE the DISK WORLD
... and possibly bring us even more HAMR time. Yay!
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
The next step in data security
With recent increased privacy concerns and computers becoming more powerful, the chance of hackers being able to crack smaller-sized RSA keys increases.