Telecom Italia Sparkle

Last updated
Telecom Italia Sparkle S.p.A.
FormerlyTelemedia International Italia S.p.A. (1987-2003)
Company type Subsidiary
Industry Telecommunications
Founded1987;38 years ago (1987) in Rome, Italy
Founder Italcable
Headquarters
Rome
,
Italy
Area served
Worldwide
Products Tier 1 network
Owner Telecom Italia (100%)
Parent Telecom Italia
ASN
Website www.tisparkle.com

Telecom Italia Sparkle S.p.A. (formerly Telemedia International Italia S.p.A.) is an Italian telecommunications company owned by Telecom Italia S.p.A. of which it manages the Tier 1 network. [1]

Contents

Through Seabone (South East Access backBONE), the fiber-optic backbone based on DWDM technology, present in Europe, America, Asia and the rest of the world, Telecom Italia Sparkle provides international routing for most of the telephone traffic and data generated by Telecom Italia users, as well as reselling services to third parties.

As of 2017 it was the seventh worldwide operator in the sector and second in Europe, behind Telia. [2]

History

The company was founded in 1987 under the name of Telemedia International Italia, founded by Italcable (STET group) to operate in the deregulated telecommunications services market.

In 1993 it became a supplier of Martín Varsavsky's Viatel.

Active in 41 countries with 100 offices, it provides advanced global telecommunications services including data transmission, voice, images, messaging, video communication and outsourcing to ISPs, companies and organizations, with a market entirely outside Italy.

In 1994 the shareholder Italcable (and its network) merged with Telecom Italia.

In 1997 it entered into an agreement with IBM, whereby both companies committed to marketing each other's products.

From 1 January 2003 it took the name Telecom Italia Sparkle, receiving from the holding company Telecom Italia the task of developing the market of international services for fixed and mobile operators, ISPs and multinationals.

Since 2017 the company, together with Telsy, has been subject to the Golden Power regulation, as a company holding activities of strategic importance for defense and national security.

On 13 January 2025, the Milan court rejected the appeal presented by Vivendi against the board of directors for the sale of TIM (formerly Telecom Italia)'s network. [3] [4] On 15 January 2025, TIM's board of directors discussed the offer presented by the Ministry of Economy and Finance and Retelit for the sale of Sparkle. [5] The proposed offer is approximately 700 million euros for full control of Sparkle. [6] [7] Furthermore, 20 January 2025 is also the deadline for TIM to negotiate with the Italian Government an agreement on the refund of the 1998 license fee, an agreement worth hundreds of millions of euros. [8] If both deals go through, there could be a further €1.8 billion cut in TIM's already reduced debt. On 15 January 2025, the stock closed the trading day with a +0.47% at a price of €0.258, confirming a bullish trend that takes it away from the minimum values reached last year. [9]

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References

  1. ↑ "Company | Sparkle". www.tisparkle.com. Retrieved 2019-07-24.
  2. ↑ Massaro, Fabrizio (2017-08-25). "The submarine cable company that routes Internet traffic. And it serves (also) intelligence" (in Italian). Cinquantamila.it. Archived from the original on 2017-09-02.
  3. ↑ "Tim, il tribunale boccia il ricorso". milanofinanza.it. milanofinanza.it. 15 January 2025. Retrieved 15 January 2025.
  4. ↑ "Vivendi, Tribunale Milano dichiara inammissibile ricorso contro TIM". teleborsa.it. teleborsa.it. 14 January 2025. Retrieved 15 January 2025.
  5. ↑ "Tim cresce in attesa di Sparkle". milanofinanza.it. milanofinanza.it. 8 January 2025. Retrieved 15 January 2025.
  6. ↑ "Sparkle, l'offerta di Mef e Retelit conferma la valutazione a 700 milioni". ilsole24ore.com. ilsole24ore.com. 19 December 2024. Retrieved 15 January 2025.
  7. ↑ "Scatto di Tim, attenzione su Sparkle e sul nuovo piano industriale". ilsole24ore.com. ilsole24ore.com. 7 January 2025. Retrieved 15 January 2025.
  8. ↑ "Tim: oggi cda interlocutorio su offerta per Sparkle, prossima riunione il 22". ilsole24ore.com. ilsole24ore.com. 15 January 2025. Retrieved 15 January 2025.
  9. ↑ "Telecom Italia". teleborsa.it. teleborsa.it. 15 January 2025. Retrieved 15 January 2025.

See also


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