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Italian Finance ministry, Retelit seek EU clearance for Telecom Italia's Sparkle deal

By Jean Comte ( December 12, 2025, 17:14 GMT | Insight) -- Retelit and the Italian ministry of Finance have filed their joint intended acquisition of Sparkle, Telecom Italia's undersea cable unit, for approval with the European Commission. The notification, made under standard procedure, follows a first, aborted attempt to have it cleared under the simplified procedure.Italy’s Ministry of Economy and Finance and Italian telecommunications service provider Retelit have filed for European Commission approval of their €700 million joint intended acquisition of Telecom Italia Sparkle, the undersea cable unit of Telecom Italia....

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