Telecom Italia Suspends Sale of Sparkle Unit -Il Sole 24 Ore
September 26 2018 - 5:17AM
Dow Jones News
--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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