ROME (ITALPRESS) – As resolved by the Board of Directors of Poste Italiane S.p.A. (“Poste Italiane”) at its meeting on March 26, 2025, today the acquisition from Vivendi SE (“Vivendi”) of ordinary shares of Telecom Italia S.p.A. (“TIM”) corresponding to 15.00% of the total ordinary shares and 10.77% of the share capital of TIM was formalized by signing the relevant deed of sale.
Upon its completion, expected by the first half of 2025, Poste Italiane – already a shareholder with 9.81 percent of the ordinary shares acquired from Cassa Depositi e Prestiti S.p.A. last Feb. 15 – will come to hold a total of 24.81 percent of the ordinary shares and 17.81 percent of the share capital in TIM, becoming its largest shareholder. In any case, Poste Italiane does not intend to acquire a stake above the threshold relevant for the purposes of the regulations on mandatory takeover bids. The consideration for the purchase of the shares, amounting to €684 million (at a price of €0.2975 per share) will be financed through available cash.
The transaction is suspensively conditioned on notification to the Italian Antitrust Authority, pursuant to the regulations on the control of mergers between companies. For Poste Italiane, the transaction represents an investment of a strategic nature, made with the aim of playing a role as a long-term industrial shareholder, which can foster the creation of synergies between Poste Italiane and TIM, as well as bring added value for all stakeholders, in addition to promoting the consolidation of the telecommunications market in Italy.
As previously communicated, negotiations are at an advanced stage for the provision of services for the access of Postepay S.p.A. (“Postepay”) – a wholly owned subsidiary of Poste Italiane – to TIM’s mobile network infrastructure as of January 1, 2026. In addition, evaluations are underway aimed at launching industrial partnerships to exploit the multiple opportunities for the realization of synergies between the two companies in the areas of (i) telephony, ICT services and media content, (ii) financial, insurance and payment services, and (iii) energy.
-Photo press office Italian Post.
(ITALPRESS).
