Note from 10.56pm
TIM announces that it has received today from the Ministry of Economy and Finance (MEF) an offer for the purchase of Sparkle.
In the same, reference is also made to the possibility of negotiating a different option, with possible adjustments to the contractual conditions, in the event that TIM maintains a minority share for a specific period of time and supports the implementation of the strategic plan.
The offer will be effective for 15 days and will be subjected to examination by the TIM Board of Directors scheduled for February 7th.
Who is Sparkle
Since 2017, the company, together with Telsy, has been subject to the Golden Power regulation, as a company owning activities of strategic importance for defense and national security. It has a 560,000 kilometer fiber optic network with a transmission capacity of 24 terabits, extending from the Mediterranean Sea to the Atlantic and Indian Oceans.