M&A, IP, Patents Telecom Italia (TIM) has received a €700 million bid for its subsea unit, Sparkle. The offer comes from Italy’s Ministry of Economy and Finance in partnership with Retelit, a subsidiary of Spanish infrastructure fund Asterion. Iliad owner Xavier Niel and his investment vehicles have increased their investment in Irish operator Eir. The portion of ownership is not known, but he is coming close to full ownership of the operator. Niel has owned 64.5% of Eir since April 2018, and is now buying shares from US hedge fund Anchorage Capital which owned the remaining 35.5%. Financials Not only will Nokia provide RAN equipment to India’s Vodafone Idea, as announced last week, but the vendor will also apply its…