The Italian national postal service provider has sent a cash and share offer for Telecom Italia (TIM) worth €10.8 billion. In a voluntary public tender offer, Poste Italiane laid out the terms of its deal and explained that the move would create an integrated group acting as a strategic pillar for Italy’s economy.
Alongside postal services, the company holds what it describes as leading positions in various other sectors, including financial and insurance services, and logistics. It noted that the combination of its assets and Telecom Italia offers a diversified, resilient, cash-generating mix of businesses with strong financial solidity and significant distributable capital reserves, adding that the two represent perfect integration, creating a unique and complete offering supported by an unmatched distribution network.
Among the specific benefits identified were the addition of TIM’s fixed and mobile network assets, cloud and data center infrastructure, and the ability to provide secure and seamless connectivity to its armory. TIM shareholders are being offered a cash component and newly issued shares in Poste Italiane. The suitor equated the value of the two elements at just over €0.63 per TIM share, which it noted was a 9% premium on TIM’s closing share price on Friday, 20 March.
Figures released by TIM in December 2025 placed Poste Italiane as the company’s largest single shareholder with a 27% stake. The postal company’s two largest stakeholders, which hold a combined majority, are run by the Italian state. A takeover of TIM would require regulatory approval, and Poste Italiane is targeting to complete the deal by the end of this year.
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