The Financial Times is reporting that BT, flush with the success of the sale of its Eutelsat stake last week, is seeking to increase its stake in its Italian corporate services provider Albacom. BT, which currently owns 26% of the telco, is keen to buy out fellow shareholders Eni, Banca Nazionale del Lavono and MediaSet, and all are reported to be keen to sell. Analysts estimate the purchase of the 74% stake will cost BT between GBP150 million and GBP180 million.
Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.
Browse Past Issues
Filter CommsUpdate by the following categories or use the search.
Visit our help page information on performing advanced searches, including how to restrict the results by country or company.
CommsUpdate is an outstanding advertising venue for companies seeking to reach:
- International carriers
- Wholesale service providers
- Equipment and software vendors
- Telecom investors