According to a report by Reuters, BT has scaled down its presence in Italy following a false accounting scandal that affected its national subsidiary, leading the telecom company to take a £530 million ($690 million) charge in its 2017 accounts.
BT’s Italian assets, including four data centres and a backbone network, have attracted early interest from several potential buyers, such as Italian fibre operator Retelit and Milan-based private equity firm Nextalia, the sources told Reuters.
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One of the sources added that binding offers are anticipated by the end of this month.
The news comes as BT had already sold portions of its Italian business to TIM and Retelit, with further sales occurring last year.
The division currently employs around 370 staff and holds long-term contracts with major corporate clients, generating approximately €300 million in revenue last year.
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