Poste Italiane offers €10.8B for TIM in Italy
- Poste Italiane launched a voluntary public tender offer for Telecom Italia (TIM) on 22 March, valuing the deal at €10.8 billion.
- The offer combines cash and newly issued Poste Italiane shares, worth just over €0.63 per TIM share, a 9% premium to TIM's 20 March closing price.
- Poste Italiane held a 27% stake in TIM as of December 2025 and is targeting completion by the end of 2026, subject to regulatory approval.
Poste Italiane launched a voluntary public tender offer for Telecom Italia (TIM) on 22 March, valuing the proposed takeover at €10.8 billion. The offer targets TIM in Italy and combines cash with newly issued Poste Italiane shares.
Poste Italiane said the cash-and-share consideration is worth just over €0.63 per TIM share. The company said this represents a 9% premium to TIM's closing share price on 20 March. TIM figures released in December 2025 showed Poste Italiane was already TIM's largest single shareholder with a 27% stake.
The proposed acquisition would add TIM's fixed and mobile network assets, cloud infrastructure, and data centre infrastructure to Poste Italiane's existing businesses in postal services, financial services, insurance, and logistics. The transaction still requires regulatory approval, and Poste Italiane is targeting completion by the end of 2026. The deal is also notable because Poste Italiane's two largest shareholders, which hold a combined majority, are run by the Italian state.
Related Questions
- How much is Poste Italiane offering for TIM?
- €10.8 billion. Poste Italiane said its cash-and-share offer for TIM is worth just over €0.63 per share.
- Does Poste Italiane already own part of TIM?
- Yes. TIM figures released in December 2025 showed Poste Italiane held a 27% stake, making it TIM's largest single shareholder.
- When could the Poste Italiane takeover of TIM close?
- End-2026. Poste Italiane said the transaction is subject to regulatory approval and is targeting completion by the end of 2026.
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