Telecom Italia Bids for BT Unit Hit by ScandalMore

(Bloomberg) — Telecom Italia SpA made a takeover offer for BT Group Plc’s Italian business, giving momentum to an asset sale that would help the U.K. telecommunication giant move on from an accounting scandal on the continent, according to people familiar with the matter.

The bid from Italy’s largest phone company is non-binding, said the people, who asked not to be identified because the process isn’t public. Hong Kong

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