Feeds

BT feeling Blu after Italy 3G bid collapse

What's hatred among friends?

  • alert
  • submit to reddit

Internet Security Threat Report 2014

BT confirmed today that Italian mobile company Blu has withdrawn from the bidding for the third generation mobile licences in Italy.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

Beginner's guide to SSL certificates

More from The Register

next story
Docker's app containers are coming to Windows Server, says Microsoft
MS chases app deployment speeds already enjoyed by Linux devs
'Hmm, why CAN'T I run a water pipe through that rack of media servers?'
Leaving Las Vegas for Armenia kludging and Dubai dune bashing
'Urika': Cray unveils new 1,500-core big data crunching monster
6TB of DRAM, 38TB of SSD flash and 120TB of disk storage
Facebook slurps 'paste sites' for STOLEN passwords, sprinkles on hash and salt
Zuck's ad empire DOESN'T see details in plain text. Phew!
SDI wars: WTF is software defined infrastructure?
This time we play for ALL the marbles
Windows 10: Forget Cloudobile, put Security and Privacy First
But - dammit - It would be insane to say 'don't collect, because NSA'
Oracle hires former SAP exec for cloudy push
'We know Larry said cloud was gibberish, and insane, and idiotic, but...'
Symantec backs out of Backup Exec: Plans to can appliance in Jan
Will still provide support to existing customers
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Win a year’s supply of chocolate
There is no techie angle to this competition so we're not going to pretend there is, but everyone loves chocolate so who cares.
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?
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.