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Italy, Asterion table 700 mln euro bid for Telecom Italia subsea cable unit

UPDATE 1-Italy, Asterion table 700 mln euro bid for Telecom Italia subsea cable unit Adds details on value of previous offer ROME, Oct 2 (Reuters) - Italy's Treasury said on Wednesday it had submitted a 700 million euro ($774 million) offer, jointly with Spanish infrastructure fund Asterion, for Telecom Italia's (TIM) TLIT.MI submarine cable unit Sparkle.
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Telecom Italia Receives Non-Binding Acquisition Offer for Sparkle From Italy's Ministry Of Economy, Asterion Fund

BRIEF-Telecom Italia Receives Non-Binding Acquisition Offer for Sparkle From Italy's Ministry Of Economy, Asterion Fund Oct 2 (Reuters) - KKR & Co Inc KKR.N : HAS RECEIVED FROM ITALY'S MINISTRY OF ECONOMY AND FINANCE, RETELIT, SUBSIDIARY OF ASTERION FUND, A NON-BINDING OFFER FOR PURCHASE OF SPARKLE PROPOSAL RECOGNIZES ENTERPRISE VALUE OF €700 MIL
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ITALY'S ECONOMY MINISTRY AND ASTERION OFFER VALUES TIM'S SPARKLE AT 700 MILLION EUROS, EXPIRES ON OCT. 15

Italy, Spain's Asterion table 700 mln euro bid for Telecom Italia sub-sea cable unit ROME, Oct 2 (Reuters) - Italy's Treasury said on Wednesday it had submitted a 700 million euro ($774 million) offer, jointly with Spanish infrastructure fund Asterion, for Telecom Italia's (TIM) TLIT.MI submarine cable unit Sparkle. The ministry is bidding together with Retelit, an Italian fibre network operator owned by Asterion.
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Italy - Factors to watch on September 30

Italy - Factors to watch on September 30 The following factors could affect Italian markets on Monday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*). For a complete list of diary events in Italy please click on IT/DIA . ECONOMY Italy's public debt will only start falling as a proportion of economic output from 2027 despite a more positive trend in addressing its significant budget deficit, the Treasury said in its multi-year fi
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Telecom Italia CEO confident about sale of subsea unit

Telecom Italia CEO confident about sale of subsea unit TURIN, Sept 27 (Reuters) - Telecom Italia (TIM) TLIT.MI is confident about a planned sale of its submarine cable unit Sparkle, the head of the telecoms group said on Friday. TIM is looking to sell the unit to a Treasury-led consortium but an offer has not materialised yet. "I remain confident", Chief Executive Pietro Labriola told reporters on the sidelines of an event in Turin.
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