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General

TIM ready to accept Persidera bid, hire advisor to sell Sparkle - report

Monday 29 October 2018 | 15:32 CET | News
Telecom Italia (TIM) is set to accelerate efforts to sell non-core assets including submarine network unit Sparkle and media unit Persidera by hiring a bank to sell the former and accepting a bid for the latter, reports business daily Milano Finanza. The operator will hire Rothschild to evaluate the sale of Sparkle at its 08 November board meeting and is poised to accept a recent bid of EUR 250 million for Persidera, the former Telecom Italia Media Broadcasting company, from US fund I Squared Capital.

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Categories: General
Companies: Persidera / Sparkle / Telecom Italia / TIM
Countries: Italy
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