BT signs new deal with Fiat

BT announced today that it will become Fiat's supplier of global telecommunications services through a contract worth €450m over five years.

BT will also acquire Atlanet, a Fiat subsidiary providing domestic telecommunications services to Fiat and other business customers across Italy.

Under the services agreement, BT will manage Fiat Group's global telecommunications requirements across 40 countries.

Atlanet achieved revenues of €155m during the year to December 31, 2004.