BT’s Italian Unit Said to Attract Asterion, Nextalia’s Interest
- BT seeks bids by late July to offload the troubled business
- Some bidders see need for BT to inject capital into the arm
BT Italia generated about €300 million of revenue last year and serves large corporate clients including Stellantis NV and Eni SpA.
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Private equity firms Asterion Industrial Partners and Nextalia Sgr are among potential bidders for BT Group Plc’s troubled Italian arm, people with knowledge of the matter said.
The buyout funds are preparing to submit indicative offers for BT Italia SpA as a deadline in late July for bids approaches, the people said, asking not to be identified as the information is private.