Telecom Italia eying investors for Noovle, Sparkle businesses - CEO

Telecom Italia is considering bringing investors on board in its cloud and undersea cable businesses

  
A man uses a Telecom Italia phone booth at a bus stop in Rome Image used for illustrative purpose

A man uses a Telecom Italia phone booth at a bus stop in Rome Image used for illustrative purpose

REUTERS/Chris Helgren

MILAN- Telecom Italia is considering bringing investors on board in its cloud and undersea cable businesses, the phone group's chief executive said on Wednesday.

Any such consideration on the entry of potential investors in (cloud unit) Noovle and Sparkle would be made by the end of the year, Luigi Gubitosi told analysts in a conference call on first-half results.

(Reporting by Elvira Pollina, writing by Stephen Jewkes; editing by Agnieszka Flak) ((stephen.jewkes@thomsonreuters.com; +39.0266129695; Reuters Messaging: stephen.jewkes.thomsonreuters.com@reuters.net))


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