Telecom Italia Sparkle attracts interest of Chinese fund
Telecom Italia Sparkle, the fibre optic subsidiary of Telecom Italia (TI), has attracted the interest of a Chinese investment fund, the Italian-language daily La Repubblica reported. The unsourced report said that the fund, not named in the item, was one of the most cash-rich in China.
The report said that circles close to chairman Giuseppe Recchi are believed to be keen on the deal, as it would allow TI to reduce its debt. However, the item said that people close to CEO Marco Patuano are more cautious because of potential political fallout.
La Repubblica