BT Group PLC BT agrees sale of two business units in Italy (2169I)
10 Dicembre 2020 - 10:45AM
UK Regulatory
TIDMBT.A
RNS Number : 2169I
BT Group PLC
10 December 2020
10 December 2020
BT AND TIM SIGN PRELIMINARY AGREEMENT FOR THE SALE OF TWO
SELECTED BT BUSINESS UNITS IN ITALY
The planned transaction will enable TIM to expand the range of
services for the digital transformation of public administration
and SMEs - BT will retain a strong presence in Italy serving large
enterprises and multinational companies
BT and TIM today announced they have signed a preliminary
agreement on the acquisition of selected BT business units in Italy
serving public administration and Small & Medium Enterprises
(SME) by TIM.
The public administration business unit provides communications
services to a number of ministries and agencies of the national
government, as well as regional and local governments. The SME
business unit offers connectivity and cloud services throughout
Italy.
The planned transaction will enable TIM to expand its supply of
communications and connectivity services, accelerating
digitalisation of the public affairs at central, regional and local
levels in the country. With the planned integration of the SME
business unit, TIM would further diversify the offer of secure and
efficient ICT and cloud solutions for small and medium
businesses.
The agreement also includes customer support for the SME
business unit, delivered by BT's contact centre in Palermo.
The planned transaction is part of BT's ongoing transformation
of its Global unit as it sharpens its focus on delivering
next-generation networking, cloud and security services to
multinational organisations. BT will retain a strong presence in
Italy serving large enterprises and multinational companies,
including access points to its global network and data centres.
The two business units included in the planned transaction
generated revenues of approximately EUR90 million during the fiscal
year ended in March 2020.
The planned transaction is subject to consultations with trade
unions and regulatory clearance.
It is expected to complete by the end of the first quarter of
2021.
END
TIM
TIM is one of the top Information & Communication Technology
companies in Europe and the market leader in Italy. It offers its
customers fixed and mobile telecommunications, internet, premium
digital entertainment content - through TIMVISION, TIMMUSIC and
TIMGAMES - and advanced cloud-based platforms. All with flexible
and customisable offers to meet the needs of families and
businesses, on platforms accessible from a range of devices.
TIM is included in the major international sustainability
indexes and is committed to becoming the leading telco in the
Eurozone in terms of sustainability and social responsibility.
The Group includes TIM Brasil, one of the leading players on the
Brazilian market; Sparkle, an international service provider and
one of the top ten global operators worldwide, with a 540,000 km
fiber network extending across Europe, the Americas, Africa and
Asia; Olivetti, which operates in key sectors such as the Internet
of Things and offering cutting-edge.
About BT
BT Group is the UK's leading telecommunications and network
provider and a leading provider of global communications services
and solutions, serving customers in 180 countries. Its principal
activities in the UK include the provision of fixed voice, mobile,
broadband and TV (including Sport) and a range of products and
services over converged fixed and mobile networks to consumer,
business and public sector customers. For its global customers, BT
provides managed services, security and network and IT
infrastructure services to support their operations all over the
world. BT consists of four customer-facing units: Consumer,
Enterprise, Global and its wholly-owned subsidiary, Openreach,
which provides access network services to over 650 communications
provider customers who sell phone, broadband and Ethernet services
to homes and businesses across the UK.
For the year ended 31 March 2020, BT Group's reported revenue
was GBP22,905m with reported profit before taxation of
GBP2,353m.
British Telecommunications plc is a wholly-owned subsidiary of
BT Group plc and encompasses virtually all businesses and assets of
the BT Group. BT Group plc is listed on the London Stock
Exchange.
For more information, visit www.bt.com/about
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END
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