Thursday, 27 April 2017

BT Italy scandal deepens, writedown grows to £530m

By Nick Wood, Total Telecom
Tuesday 24 January 17

U.K. incumbent cuts financial outlook and suspends staff; CEO 'deeply disappointed' by telco's improper practices.

BT issued a profit warning on Tuesday after revealing that the accounting scandal at its Italian business is bigger than first thought. The U.K. incumbent also wrote down the value of BT Italy – which serves the business market – by &pound…

BT issued a profit warning on Tuesday after revealing that the accounting scandal at its Italian business is bigger than first thought. The U.K. incumbent also wrote down the value of BT Italy – which serves the business market – by &pound…

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