The sale of its fixed business still needs regulatory approval

However, the government plans to appeal

Still wants to sell its subsea cable unit, and may part with remaining stake in its tower company

Values the business at €18.8bn

Initial bid not enough says the telco

The offer is set to be examined next week by TIM's board

Will give F2i governance and management rights

One step closer to a deal being finalized?

Cable to connect Italy to Turkey via Greece, Croatia, Montenegro, and Albania

The French company has publicly disapproved of TIM's landline grid sale to KKR

Telecom Italia's Sparkle sees another cable landing

First bid was deemed too low

The deal is expected to finalize next year

Could ease debt by €14bn

Telecom Italia directors are due to meet next month to consider KKR's bid

But will need more time to finalize the approach for submarine unit Sparkle

Cable initially connects Genoa and Milan; services in Rome, Sardinia, and Corsica coming soon

Could also pave the way for the gov't to take over Sparkle

MoU signed that could help debt-ridden business

New 3.5MW facility goes live

Libya to get first new cable since 2013

Will connect Italy with several countries including France and Greece

The operator did similar last year, cutting 1,200 jobs

As the operator continues to explore the possibility of a sale