Poste to become Telecom Italia's No.1 investor by buying 15% from Vivendi

The Italian State, through the Poste Italiane state postal service, has regained control of Telecom Italia (TIM) after reaching almost 25% of the capital, surpassing Vivendi as the largest investor of the telephone company and ending the decade of the French media conglomerate’s permanence in the Italian company. The Italian government movement confirms the stateizing wave that has been imposed in the European telecommunications sector, where th…

The deal is also expected to secure Italy's communications infrastructure against takeovers: Poste Italiane, a state-owned company, will acquire further shares in one of the country's central operators of mobile, fixed and Internet services.

Poste Raises Stake To Becomes Biggest Holder of Telecom Italia

(Bloomberg) — Italy’s state-run postal service raised its stake in Telecom Italia SpA to almost 25%, overtaking Vivendi SE as the phone carrier’s biggest investor and ending the French media conglomerate’s decade-long tenure at the Italian company.

The shipping group increases its participation in the telephone company just below the takeover threshold and becomes the first shareholder. The French coming out

Poste agrees broad terms to buy most of Vivendi's Telecom Italia stake, sources say - Overpasses For America

Latest By Elvira Pollina and Giuseppe Fonte Poste agrees broad terms to buy most of Vivendi's Telecom Italia stake, sources say