BT Italia has four bidders - report (translated)
13 JAN 2019
BT Group [LON:BT] has four bidders for its Italian business, Italian-language daily Il Sole 24 Ore reported. The report cited market rumours claiming that Retelit [BIT: LIT], Wind Tre, TIM [BIT:TIT] and Vuetel had all made non-binding offers.
The report said that Vodafone [LON:VOD] and Irideos, a telco under the control of F2i and the Marguerite investment firm, have walked away from the bidding.
The report said that BT Italia posted turnover of EUR 390m in 2017-2018 FY.