
Telecom Italia approves €700m Sparkle subsea unit sale
Deal expected to be finalized in final quarter of 2025
Deal expected to be finalized in final quarter of 2025
TIM will make a decision on the bid by late January
Acquires company from Asterion and Telefónica
Keppel-linked Aermont reportedly highest bidder for Asterion & Telefónica-owned firm
Joins forces with Asterion's Retelit business unit
Four data centers and a fiber network up for grabs
Follows sale of company’s LatAm assets in March
Investment firm takes over facilities in Brazil, Chile, Mexico, Peru, Argentina, and the US
Irideos to merge with Retelit, creating Italian giant with 34 data centers and 42,000 km of fiber
El Confidencial reports that the deal could close in the next few weeks