US EditionItaly's Poste launches $12.5 bln cash-and-share bid to buy Telecom Italia
Poste Italiane offers €10.8 billion in cash and shares to acquire Telecom Italia, aiming for €700 million annual pre-tax synergies and to delist TIM from Milan stock exchange.
- On Monday, state-controlled postal service Poste Italiane launched a 10.8 billion euro cash-and-share offer to acquire full control of former phone monopoly Telecom Italia, building on its existing majority stake.
- Poste, which owns over 27% of TIM, previously deepened ties with the telecom operator in November last year by launching a joint venture to provide online services using generative artificial intelligence.
- The offer values TIM shares at 0.635 euros each, representing a 9.01% premium to Friday's closing price, while the combined group would generate around 27 billion euros in revenue with more than 150,000 employees.
- Poste aims to delist TIM from the Milan stock exchange to create what it calls "Italy's largest connected infrastructure platform," while strengthening data sovereignty in alignment with European Union efforts to protect the bloc's information.
- The company expects to conclude the transaction by the end of the year, with cost savings materializing within two years and, as Poste said, "positive impact on its earnings per share starting in 2027.
30 Articles
30 Articles
Poste Italiane wants to take over the telecommunications company Tim. This would reverse the privatisation, and postal and telecommunications would be largely re-established in the future.
A sense and an industrial future for Telecom. A qualitative leap for Poste Italiane. It is a stable governance with the State that returns majority shareholder over 50%. With the Opa...
It would be born an integrated platform from system Country that counts revenues for approximately 26,9 billion and an aggregate ebit of 4,8 billion, with beyond 150 thousand dependent
Prize of 9% on the last quotation. It would be born a group from 27 billion revenues.Some numbers to understand us: approximately 27 billion annual revenues, 4.8 billion gross margins, over 150.000 employees. These figures are those sciorinata from Poste Italiane to describe the group that could be born in the case of the public offer of purchase and exchange, Opas, on Telecom Italia went into port. Yes, you read well: at dinner time of a Sunday…
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