The sale, which includes debt, remains caught in a cycle of extensions despite public assurances from both sides that the acquisition is still on track. Originally slated for closure late last year, the timeline has slipped repeatedly. In April, the parties pushed the long-stop date to October 15, missing that deadline as well. The upcoming November meeting serves as the next attempt to resolve the outstanding friction points surrounding the asset transfer.
In section Market Quotes
Telecom Italia Delays Sparkle Submarine-Cable Sale Again
A 700 million-euro deal to offload Telecom Italia’s submarine-cable unit, Sparkle, faces another postponement as negotiations drag into the winter. The company confirmed late Tuesday that talks with the Italian Ministry of Economy and Finance and Asterion Industrial Partners' Retelit will resume on November 20 to finalize the transaction.
Comments (0)
No comments yet. Be the first!