Blow on the profitability of the BT Group from the Italian scandal

On the increase reviewed by the BT Group, the estimates for the financial performance of the …
2017 and 2018, due to the larger charges for the accounting scandal of the Italian arm.
The telecommunications company, which is being investigated for false accounting practices in Italy, today announced the increase of the related impairment from 145 million. sterling at 530 million. sterling.
The move will have an adverse impact on the financials of the next two years, depriving 300 million. sterling from the results EBITDA (7.6 billion. pounds compared to 7.9 billion. gbp) and eur 600 million. sterling from free capital flows (eur 2.5 billion. pounds compared to 3.1 billion. pounds).
“We are deeply disappointed with the practices identified in the Italian of our business,” said the executive director of the british company, Γκέιβιν Patterson.
As a result of the above, the share of BT Group on the London Stock exchange collapsed in the -16%.
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