AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

Sign up Log in

Telecom Italia Rsp M&A Activity 2024

Dec 19, 2024

4448_iss_2024-12-19_03e04c79-d62c-4731-ae51-c36b7ed5c7b9.pdf

M&A Activity

Open in viewer

Opens in your device viewer

Press Release

TIM: 700€ MILLION BINDING OFFER FOR THE ACQUISITION OF SPARKLE RECEIVED FROM MEF AND RETELIT

Rome, 19 December 2024

TIM announces that it has received from the Ministry of Economy and Finance (MEF) and Retelit, a company controlled by the Asterion fund, the binding offer for the acquisition of Sparkle. The proposal confirms an enterprise value of 700 million euros for Sparkle and will be effective until 27 January.

The offer is subject to customary conditions for transactions of this nature and to the completion of the financing process.

TIM will start the relevant evaluation and decision-making process as soon as possible.

TIM Press Office

[email protected] https://www.gruppotim.it/media X: @GruppoTIM

TIM Investor Relations [email protected] https://www.gruppotim.it/investor\_relations