TIM unhappy with econ min offer for Sparkle. Telecoms giant TIM on Wednesday said the economy ministry's offer for its submarine cable unit Sparkle was unsatisfactory.
A statement from the company said: "Tim's board of directors examined the offer received from the Ministry of Economy and Finance for the purchase of Sparkle and having deemed it unsatisfactory, has mandated the CEO, Pietro Labriola, to negotiate with the MEF a different option, with possible adjustments to the contractual conditions"