BT Expands geographical sprea

RNS Number : 4336N

BT Group PLC

17 February 2009

 



BT extends geographic scope of Joint Venture with Enìa S.p.A. in Parma, Italy and increases stake to 59.5%

BT and Enìa have agreed to extend the geographic scope of their current Italian Joint Venture in Parma to the neighbouring regions of Reggio Emilia and Piacenza. The JV has been in operation since 1999, providing telecoms and IT services to business customers in the region. The venture employs  32 people.  

Both parties will contribute additional assets and as a result BT's equity stake will increase from 55% to 59.5%. The gross assets of the joint venture have increased by €354,357.

The extended business has been renamed 'BT Enìa Telecomunicazioni'.

February 17th, 2009

About BT

BT is one of the world's leading providers of communications solutions and services operating in 170 countries. Its principal activities include the provision of networked IT services globally; local, national and international telecommunications services to our customers for use at home, at work and on the move; broadband and internet products and services and converged fixed/mobile products and services. BT consists principally of four lines of business: BT Global Services, Openreach, BT Retail and BT Wholesale.

In the year ended 31 March 2008, BT Group's revenue was £20,704 million with profit before taxation and specific items of £2,506 million.

British Telecommunications plc (BT) 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 stock exchanges in London and New York.  

For more information, visit www.bt.com/aboutbt

About BT Italia

BT Italia S.p.A  is Italy's leading supplier of communication services and solutions for corporations and public administrations. Since 1 March 2006, the company includes the activities of Atlanet S.p.A, Fiat's former communication services subsidiary operating on the domestic market., BT Italia S.p.A also manages the domestic operations of BT Radianz and BT Infonet.  In January 2008 I.Net Spa was incorporated in BT Italia Spa. During the Fiscal Year that ended last 31 March 2008, BT Italia posted revenues for € 1019 million, with a portfolio of more than 250,000 business customers. Besides the Milan, Rome and Turin headquarters, BT is present across the country with offices in all major cities, with some 1400 employees.

BT Italia owns an optic fibre network extending over more than 12,000 kilometres, and is fully interconnected with BT's European IP network.

About Enìa

Enìa S.p.A., one of Italy's leading multi-utility companies (gas, electricity, water, waste management and remote heating), operates in the Provinces of Reggio Emilia, Parma and Piacenza. The company was created as a result of the merger of Agac in Reggio Emilia, Amps in Parma and Tesa Piacenza in March 2005.

For further information:

Enìa S.p.A - Media Relations

Selina Xerra 

tel. [phone] - cell. +39 335.7723476 

[e-mail]

BT Italia S.p.A. - Press Office

Carlo Ridolfi 

tel. [phone] - cell. +39 348.3414317 

 

END

 

 

SALEANAXFLLNEEE