Summary Bullets:

• Telecom Italia has divested Sparkle, its international infrastructure and services unit, in an EUR700 million ($733 million) deal as the carrier looks to reduce debt and focus on its core business.

• Italy’s Ministry of Economy and Finance (MEF) will have majority control of the business with 70% of the company, with the remaining 30% share owned by Retelit, a subsidiary of Spanish infrastructure fund Asterion.

Telecom Italia has finally offloaded its international infrastructure and services unit Sparkle to the Italian MEF in an EUR700 million ($733 million) partnership deal with Retelit, a fiber-optic operator controlled by Spanish Infrastructure fund Asterion. Sparkle operates more than 600,000 km of cables that connect countries across Europe and the Americas. Telecom Italia’s board unanimously approved the deal, which was first put forward as a non-binding offer in October 2024 but was rejected by the board. The sale is expected to be completed within Q1 2026, subject to regulatory approvals.

Continue reading “TIM Offloads Sparkle as the Italian Government Looks to Keep Ownership in a 70% “Strategic” Stake” →