--Telecom Italia has suspended the sale of its subsea cable unit Sparkle, Il Sole 24 Ore reports.

--According to Il Sole 24 Ore, before selling the asset, company wants to first understand the intentions of the Italian government, since the unit is subject to the so-called Golden Power rule--a measure that allows Rome to intervene in the affairs of strategic companies in sectors like security and national defense.

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(END) Dow Jones Newswires

September 26, 2018 05:02 ET (09:02 GMT)

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