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General

Italian govt could force TIM to sell Sparkle and Telsy units - report

Monday 28 August 2017 | 08:30 CET | News
The Italian government could force Telecom Italia (TIM) to sell its strategic Sparkle and Telsy units due to the increasing influence of the company's leading shareholder, French media giant Vivendi, reports La Repubblica. Legal advisers to Italy's prime minister are certain that TIM's international operator Sparkle and security-focused ICT subsidiary Telsy are under Vivendi's full control, with Sparkle considered a particularly sensitive asset because of its 560,000 kilometers of undersea cables capable of connecting to countries such as Iran or Israel. Telsy became part of Telecom Italia in

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Categories: General
Companies: Telecom Italia / TIM / Vivendi
Countries: Italy
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