(MENAFN) The boss of BT's Continental European operation is to resign after the firm was forced to write down the value of its Italian unit by 530m after years of "inappropriate behaviour".
In detail, Corrado Sciolla was expected to resign this afternoon.
BT's shares plunged 18% after revealing the Italian scandal would cost far more than the 145m initially anticipated.
It also warned it would affect its results for the next two years.
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