The two most senior executives in BT’s Italian business have been suspended following the launch of an internal investigation.
Gianluca Cimini, chief executive of BT Italia, and Stefania Truzzoli, the unit’s chief operating officer, were suspended earlier this week, Bloomberg News reported.
The investigation, which is ongoing, has so far uncovered no evidence of financial irregularities, according to Daily Telegraph sources. Investigators are understood examining a number of matters in relation to the conduct of executives.
BT declined to comment on the suspensions. Its Italian arm provides network services to businesses and forms part of the Global Services division built up via quick-fire acquisitions a decade ago.
Global Services is the largest of BT’s divisions by revenue but has struggled with its complexity and cuts to lucrative Government contracts in the wake of the financial crisis.
The Italian unit began in the 1990s as a joint venture between BT and local players, including Mediset, the broadcasting giant controlled by the family of former Prime Minister Silvio Berlsuconi.
BT took full control in 2005 and then two years later expanded the business by acquiring another business network services provider.