Feeds

BT confirms Italian job

Goes large with Albacom

  • alert
  • submit to reddit

Boost IT visibility and business value

BT is to take full control of Italy's second biggest telco in a move set to cost around €116m (£80m). The UK's dominant fixed line telco is to acquire the outstanding 74 per cent of Albacom is doesn't already own from ENI, BNL and Mediaset.

"This move reflects BT's strategy of establishing a pan-European presence to service multi-site organisations, with strong local operations in key countries," said the telco in a statement.

"Together with its recently announced acquisition of Infonet, the integration of Albacom will allow BT to provide an unmatched service to corporate and public sector customers in Italy and to international businesses with operations in Italy."

The deal should be complete early next year once it has been given regulatory approval.

Albacom is the second largest telecoms operator in the Italian business market, behind Telecom Italia, with an 11 per cent share of the data services market. It provides data transmission, voice and Internet services to more than 240,000 Italian businesses and to international companies active in Italy.

In the year to March 2004 Albacom generated earnings before interest etc (EBITDA) of €39m (£27m) on revenues of €655m (£452m). ®

Related stories

'Sophisticated' UK sprints ahead in ICT race
BT shells out £520m for Infonet
BT gets into film, TV and music
BT flogs Eutelsat stake for £363m

Seven Steps to Software Security

More from The Register

next story
Auntie remains MYSTIFIED by that weekend BBC iPlayer and website outage
Still doing 'forensics' on the caching layer – Beeb digi wonk
Bring back error correction, say Danish 'net boffins
We don't need no steenkin' TCP/IP retransmission and the congestion it causes
NBN Co adds apartments to FTTP rollout
Commercial trial locations to go live in September
GoTenna: How does this 'magic' work?
An ideal product if you believe the Earth is flat
Samsung Z Tizen OS mobe is post-phoned – this time for good?
Russian launch for Sammy's non-droid knocked back
Telstra to KILL 2G network by end of 2016
GSM now stands for Grave-Seeking-Mobile network
Seeking LTE expert to insert small cells into BT customers' places
Is this the first step to a FON-a-like 4G network?
What FTC lawsuit? T-Mobile US touts 10GB, $100 family-of-4 plan
Folks 'could use that money for more important things' says CEO Legere
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Securing Web Applications Made Simple and Scalable
Learn how automated security testing can provide a simple and scalable way to protect your web applications.