Italy antitrust starts probe over TIM’s acquisition of BT units

Italy’s competition watchdog said on Monday it had started a probe over Telecom Italia’s proposed acquisition of two of British telecoms group BT’s business units in the country.

The two telecoms companies said in December they had signed a preliminary agreement for a sale of the two units, which had combined revenues of about 90 million euros ($108 million) in the fiscal year to the end of March 2020, less than 20% of BT’s annual sales in Italy. Reuters