--Telecom Italia has suspended the sale of its subsea cable unit Sparkle, Il Sole 24 Ore reports.

--According to Il Sole 24 Ore, before selling the asset, company wants to first understand the intentions of the Italian government, since the unit is subject to the so-called Golden Power rule--a measure that allows Rome to intervene in the affairs of strategic companies in sectors like security and national defense.

Write to Barcelona editors at barcelonaeditors@dowjones.com

(END) Dow Jones Newswires

September 26, 2018 05:02 ET (09:02 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.
Telecom Italia (NYSE:TI)
Historical Stock Chart
From Jan 2025 to Feb 2025 Click Here for more Telecom Italia Charts.
Telecom Italia (NYSE:TI)
Historical Stock Chart
From Feb 2024 to Feb 2025 Click Here for more Telecom Italia Charts.