Rome, Dec 19, 2024 (AFP) - Italy govt makes 700-mn-euro offer for Telecom Italia unit

NAMPA / AFP

2024-12-19

The Italian finance ministry said Thursday it had made a binding offer for 100 percent of Telecom Italia (TIM) submarine cable unit Sparkle, valuing what the government considers a strategic target at 700 million euros ($729 million). Sparkle operates more than 600,000 kilometres (380,000 miles) of cables connecting countries, which include the United States and Israel, to allow flow of data worldwide -- including sensitive cables. Its network is......

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