The Ministry of Economy and Finance, in collaboration with a subsidiary of Asterion Industrial Partners called Retelit, has made a binding offer to acquire Sparkle from Telecom Italia.
Sparkle is the leading provider of international telecommunications services in Italy and ranks fifth globally in terms of internet traffic. It has an extensive network of 600,000 kilometers of fiber optics and operates in 32 countries.
UBS is providing advisory services to the consortium, with Riccardo Mulone and Guido Colonetti leading the team, supported by Antonio Pirisi and Paolo Drusian.