Italy's Asterion Makes a New Bid for Telecom Italia's Subsea Cable Unit

Italian Asterion Industrial Partners has revived its bid for Telecom Italia's subsea cable unit, seeking to buy a strategic business underpinning global internet infrastructure. Backed by US asset manager Fidelity, the bidder has been determined to build an important portfolio in the vital subsea cables industry.

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Italy's Asterion to Submit Formal Offer for Telecom Italia's Sparkle Unit: A Groundbreaking Move in the Telecom Industry

The key factor that has happened in the telecom space is that Italy's Asterion is going to take a formal offer to Telecom Italia over its Sparkle unit, which is considered as a strategic move to expand its presence in the crucial market of telecommunications. Sparkle is a part of Telecom Italia and happens to be an international operator specializing in high-speed data and voice services around the world. The deal could represent a radical shift in the competitive landscape in the industry.

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