The Ministry of Economy and Finance, alongside Asterion Industrial Partners' subsidiary Retelit, has submitted a binding offer of €700 million to acquire Sparkle, Telecom Italia's international telecommunications arm. This offer, valid until January 27, 2025, positions Sparkle as a leading provider in Italy and the fifth globally in internet traffic, boasting a 600,000-kilometer fiber optic network across 32 countries. UBS, led by Riccardo Mulone and Guido Colonetti, advised the consortium on this transaction.
