BT Italia sells NGI stake to Cometa

10 Apr 2012

UK-based communications giant BT Group has confirmed that its BT Italia unit has sold its entire 96.18% stake in WiMAX subsidiary NGI to Cometa a company owned by Luca Spada, the current CEO of NGI, and Gruppo Elmec. No financial details were disclosed. The sale will allow BT Italia to focus on its core business, which is to offer services and communications solutions to corporate customers and the government sector. BT Italia offers data transmission, voice and internet services to around 90,000 SME, corporate and SOHO customers over a 14,000km fibre-optic network.

NGI has offered broadband services since 1999, including fixed WiMAX since 2008. Its network operates in the 5.4GHz licence-exempt band, and it provides broadband services to both residential and business customers in underserved areas. NGI’s ‘EOLO’ branded broadband wireless service offers services via a combination of HiperLAN2 (802.11h) and WiMAX (802.16e) technology, and expanded its coverage level almost daily. Base stations are concentrated around the north of the country, although coverage down as far as Bologna is planned.

Italy, BT Italia