Italy wants to bring Telecom Italia’s unit Sparkle under public control, sources say By Reuters

© Reuters. FILE PHOTO: The Tim logo is seen at its headquarters in Rome, Italy November 22, 2021. REUTERS/Yara Nardi/File Photo

ROME (Reuters) – Italy’s government wants to bring Telecom Italia (BIT:)’s (TIM) submarine cable unit Sparkle under public control, three sources close to the matter told Reuters.

Prime Minister Giorgia Meloni’s administration on Thursday has started talks with leading TIM investors Vivendi (OTC:) and state lender Cassa Depositi e Prestiti (CDP) to identify “the best market-friendly options” for TIM.

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