Telecom Italia
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The Italian state will retain a 70% stake in subsea firm Sparkle after Telecom Italia signed off on the €700 million (USD$733 million) acquisition bid from Italy’s Ministry of Economy and Finance and Asterion subsidiary Retelit. -
Telecom Italia’s Sparkle has expanded its agreement with media delivery company Mainstreaming to support distribution of video content.
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KKR has agreed to give Italy’s Finance Ministry a stake of around 20% in Telecom Italia’s (TIM) fixed-network unit, also giving it a say in strategic decisions as part of the investment firm’s bid for the operator.
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Sparkle has launched its enterprise voice suite, described as a comprehensive set of global telephony services for business customers with multinational needs.
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Sparkle, the international wholesale arm of TIM, has a new CEO. Enrico Maria Bagnasco takes over from Elisabetta Romano, though Romano “maintains her role as board director”, said Sparkle last night.
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TIM has united with two other leading Italian companies and a state bank to claim rights to supply cloud solutions and services to the government.
Forthcoming events
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The 5G Carmen project, which aims to make cross-border travel easier for drivers through low-latency assisted driving vehicle functions says it has showcased smooth service continuity for drivers.
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Telecom Italia is seeking around US$21.5 billion for its landline network according to reports.
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Independent Italian operator TLC Telecomunicazioni is to use FiberCop infrastructure to deliver 1Gbps fibre to the homes of customers in seven towns.
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The board of directors of TIM has told Kohlberg Kravis Roberts (KKR) that it cannot see documents it needs in order to pursue a €10.8 billion takeover bid.
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Italian electricity group Enel has completed the sale of its 50% stake in Italian wholesale operator Open Fiber for €2.73 billion.
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Private equity firms KKR and CVC Capital are reportedly in talks to make a potential joint offer for Italian telco Telecom Italia (TIM).
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KKR has launched a €10.8 billion ($12 billion) takeover bid for Telecom Italia (TIM) in attempt to take the company private.
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Deutsche Telekom, Orange, Telecom Italia (TIM), Telefónica and Vodafone have submitted five recommendations to the European Union (EU) to build an Open RAN ecosystem in Europe.
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Italian investment bank Cassa Depositi e Prestiti (CDP) and Australian private investment company Macquarie are rumoured to secure approval for its Open Fiber deal.
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Customers in remote areas of Italy will be able to connect to TIM’s broadband services from today thanks to a deal with Eutelsat.
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TIM and its Noovle cloud offshoot are to offer multi-cloud services in Italy with Oracle, the companies have announced.
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A Swiss private equity investor is to acquire a 75% stake in Eolo, the Italian fixed wireless company that last week agreed a wholesale deal with TIM.
Forthcoming events
Datacloud Asia 2025 co-located with ITW Asia
3 DECEMBER - 4 DECEMBER 2025 Singapore, Singapore
