Italy, Asterion to Make Offer for Telecom Italia’s Sparkle Unit
This article is for subscribers only.
Italy is preparing a bid to buy Telecom Italia SpA’s submarine cables unit Sparkle in a consortium with Spanish investment firm Asterion Industrial Partners, according to a La Repubblica report.
The offer is expected to be “slightly higher” than a previous one for €750 million ($837 million), filed by Italy’s Finance Ministry at the beginning of this year and rejected by Telecom Italia, the newspaper reported on Sunday, without saying where it obtained the information.