Editorial & Advertiser disclosure

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Home > Finance > Italy's Treasury, Asterion file binding bid for Telecom Italia subsea unit

Finance

Italy's Treasury, Asterion file binding bid for Telecom Italia subsea unit

Published by Global Banking and Finance Review

Posted on December 19, 2024

Featured image for article about Finance

(Corrects to say Retelit is owned by, not with, Asterion in paragraph 2)

ROME (Reuters) -A consortium led by the Italian economy ministry has filed a 700 million euro ($733 million) binding offer for Telecom Italia's (TIM) submarine cable unit Sparkle, the ministry said on Thursday.

The ministry is bidding with Retelit, an Italian fibre network operator owned by Spanish infrastructure fund Asterion.

($1 = 0.9548 euros)

(Reporting by Giuseppe Fonte and Elvira Pollina, writing by Gianluca Semeraro, editing by Giulia Segreti)

More from Finance

Explore more articles in the Finance category

Telecom Italia's main holder of savings shares welcomes conversion terms

European shares slip as investors navigate Holiday-shortened week

HTC bets its open AI strategy to drive smartglasses sales

Telecom Italia moves to ditch costly savings shares

Kremlin says US intelligence conclusions cited by Reuters 'not true'

Indonesia signs free trade deal with Russian-led Eurasian Economic Union

Denmark says US envoy appointment reflects Trump's continued interest in Greenland

UK health minister vows to prevent renewed doctors' strikes

Struggling Coty names P&G veteran as interim CEO as Nabi leaves

UK's Harbour Energy enters Gulf of Mexico with $3.2 billion LLOG deal

China hits EU dairy with tariffs, broadening trade conflict

Italy regulator fines Apple $115 million for alleged App Store privacy violations

View All Finance Posts