Telecom Italia (TIM) said on Wednesday its board of directors approved a 700 million euro ($725.97 million) sale of its submarine cable unit Sparkle to a consortium led by Italy's Treasury.

ROME (Reuters) - A Treasury-led consortium submitted a new binding bid on Tuesday for Telecom Italia's (TIM) subsea cable business Sparkle, three sources close to the matter told Reuters. The proposal ...

Shares in Telecom Italia were trading 5% higher at 2:51 p.m. in Milan, giving the company a market value of €6.6 billion ($6.8 billion). Vivendi was also up 5% for a market capitalization of € ...

French telecoms group Iliad and CVC Capital Partners have separately informed the Italian government of their respective interest in potential deals involving former phone monopoly Telecom Italia ...

An Italian court of appeals has confirmed that the government must return about €1 billion ($1 billion) to phone carrier Telecom Italia SpA as part of a legal case dating back to the late 1990s.

Billionaire Xavier Niel and CVC Capital Partners Plc are separately exploring deals for Telecom Italia SpA that could pave the way for an eventual combination of the former monopoly with the local ...