November 08, 2023 Telecom Italia Sparkle S.p.A.
Telecom Italia recently agreed to sell its landline business to investment firm KKR for €22 billion. This deal, backed by Giorgia Meloni's Italian government, was finally approved by TIM on November 5 without making it conditional on a vote by shareholders. Though the board voted 11-3 in favor of...
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May 21, 2023 Telecom Italia Sparkle S.p.A.
The Panama Digital Gateway data center from Telecom Italia's Sparkle is set to launch in June after significant delays caused by the pandemic and supply-chain issues. Initially, due to launch in 2022, Mauricio Traverso, executive VP for the Americas at Sparkle, said that the project, which...
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March 24, 2023 Telecom Italia Sparkle S.p.A.
At a recent union meeting, it was outlined that Telecom Italia intends to cut 2,000 jobs in Italy, in an effort to streamline its domestic operations. The job cuts will be executed through a voluntary early retirement scheme, following a meeting with the unions. Currently the company employs...
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April 01, 2022 Telecom Italia Sparkle S.p.A.
CVC Capital Partners is looking to acquire a substantial stake in TIM’s data center unit. The company has offered to buy TIM’s SpA’s new enterprise services unit. Telecom Italia is currently setting up the unit. It will be part of its SerbCo division which will include the Noovle data center...
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