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By | Team Register 31st July 2006 13:54

BT buys Fiat's Polish telco biz

Brits go to Poland shock!

BT has bought Telexis Polska, Fiat's inhouse telecoms business in the eastern European country, for €$1.2m. Telexis is not exactly huge - it turned over €3m for the year ending 31 December 2005 and has just 27 staff.

But the acquisition dots the Is and crosses the Ts on BT's relationship with Fiat. In February, the UK telco bought Fiat's Italian telecoms subsidiary, Atlanet - and it estimates the value of the relationship with the car firm at €450m over five years. ®

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