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CDP cited as potential buyer of TIM's Sparkle unit - report

Wednesday 12 September 2018 | 15:35 CET | News
State lender Cassa Depositi e Prestiti (CDP) has emerged as a potential buyer of Telecom Italia's international services arm Sparkle if the unit is put up for sale, according to unnamed sources cited by Italian daily Corriere della Sera. A recent announcement by TIM's chairman Fulvio Conti that the company had started the process to divest Sparkle was immediately countered by Italy's industry minister Luigi di Maio, who said the government would not allow the company to be sold in view of its strategic importance. However, the report indicates that a transaction resulting in state-owned CDP

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Categories: Fixed
Companies: Metroweb / Open Fiber / Telecom Italia / TIM
Countries: Italy
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