Feeds

BT confirms Italian job

Goes large with Albacom

  • alert
  • submit to reddit

Intelligent flash storage arrays

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

Secure remote control for conventional and virtual desktops

Whitepapers

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.
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.
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?
New hybrid storage solutions
Tackling data challenges through emerging hybrid storage solutions that enable optimum database performance whilst managing costs and increasingly large data stores.
Getting ahead of the compliance curve
Learn about new services that make it easy to discover and manage certificates across the enterprise and how to get ahead of the compliance curve.