Italy’s govt working with CDP, International funds on TIM’s network: Minister

ROME: Italy’s government is working with state lender Cassa Depositi e Prestiti and International funds on potential options for Telecom Italia (TIM)’s network grid, its industry minister said on Monday.

Speaking at the Foreign press association in Rome, Adolfo Urso also said that the government was working to secure that TIM’s submarine cable unit Sparkle would come into state hands, confirming what Reuters had previously reported.