Telecom Italia Eyes €1 Billion Asset Sales to Speed Debt Cutting

Telecom Italia SpA may sell assets worth about €1 billion ($1.1 billion) in a bid to further reduce its debt and potentially remunerate investors, people familiar with the matter said.

The phone carrier may dispose of its remaining stake in mobile tower operator Inwit SpA, valued at about €300 million, the people said, asking not to be named discussing private deliberations.

That disposal would come in addition to the planned sale of the carrier’s Telecom Italia Sparkle SpA subsea unit, expected to come in at €600 million to €800 million, they said.

A deal for the Inwit holding is ...