Italtel Group SpA has been put up for sale, Il Mondo reported. Roberta Turi, national secretary of the Fiom-Cgil union, said that the possible buyers for Italtel include Huawei Technology Co., Ltd. and ZTE Corp., as both are seeking to enter the Italian market. Italtel will reportedly be sold by the spring of 2014, and at least five interested companies will be invited to participate in the sale auction.

These will include Huawei, ZTE, Siemens AG and Alcatel-Lucent, S.A. as well as other companies from the telecommunications sector. The goal is to obtain a price of at least €300 million.