Sparkle, the company specialized in international telecommunications, leaves Tim, which had control over it, and passes to the mef and Retelit for 700 million euros. Yesterday the new buyers signed the agreement that made the company fly in Bag the Tim title. The closing is expected by the end of the year after the green light from theAntitrust and procedures Golden power.
With the signing of the agreement yesterday, a long-heralded operation has been concluded, which records two important aspects: on the one hand, there is the further slimming down of Tim, which is concentrating on services to businesses and retail after the previous sale of the network to FiberCop and on the other hand the strengthening of the public presence through the shareholdings assumed by the Government which will now work to build the single network between FiberCop and Open Fiber. Tim, on the other hand, is thinking about industrial consolidation and it is not excluded that an agreement with the French will soon be reached Iliad eliminating an operator from the overly crowded Italian telephone market.
