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TIM receives binding bid for Sparkle from Italian government
The offer matches a non-binding bid of €700 million (US$727 million) that was submitted back in October.
By Jack Haddon
Deputy Editor, The Tech Capital
3 Mins
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TIM CEO Pietro Labriola
Telecom Italia (TIM) (BIT: TIT) has received a binding bid from Italy's Treasury and Spanish investment manager Asterion Industrial Partners for its subsea cable business.
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Jack Haddon
Deputy Editor, The Tech Capital
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