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Di Maio rules out sale of TIM's Sparkle unit

Monday 10 September 2018 | 08:31 CET | News
Italy's industry minister Luigi di Maio has categorically ruled out a sale of Telecom Italia's international services arm Sparkle after reports emerged that TIM CEO Amos Genish had invited banks to open the divestment process. "We will not allow Sparkle to be sold", said Di Maio in an interview with business daily Il Sole 24, adding that "fibre access is strategic for the country and my goal is for the country to be cabled." In July the operator announced that it had "started an evaluation process of the strategic options related to its subsidiaries", with Bloomberg subsequently reporting

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Categories: Fixed
Companies: Sparkle / Telecom Italia / TIM
Countries: Italy
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