Rome, Feb 12, 2025 (AFP) - Telecom Italia agrees to sell sea cable network to Rome

NAMPA / AFP

2025-02-12

Telecom Italia's board of directors unanimously approved Wednesday a 700-million-euro ($725 million) bid by the Italian state to buy its fibre-optic submarine cable network, which Rome views as a strategic asset. TIM's Sparkle unit owns and manages more than 600,000 kilometres (380,000 miles) of cables that allow flows of data across the world, notably in Europe, the Mediterranean and the Americas. "The signing will take place by April 11, 2025,......

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Law & Politics

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