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13 clusters · 66 sources · 64 days · First seen · Last updated

Poste Italiane increases tender offer for TIM

Overview

In early July, Poste Italiane and defence group Leonardo agreed to increase their joint control of Italy’s National Strategic Hub (PSN) to 65%, reducing TIM’s stake from 45% and positioning the cloud platform for a sovereign AI and cloud network. Poste’s €13.5 billion public tender, announced on 10 July, aims to combine its 12,600 post offices and TIM’s 125 MW of data‑centre capacity into an edge‑computing and AI infrastructure serving public‑sector and strategic industries. Regulatory clearance progressed rapidly: the Bank of Italy granted a preventive authorization on 14 July, and Consob approved the mixed cash‑and‑share offer on 16 July. The tender opened on 20 July, initially offering €1.67 in cash plus 0.218 new Poste shares per TIM share.

As the process continues, Moody’s has placed TIM’s Ba1 rating under observation for a potential upgrade, noting that TIM would benefit from becoming part of a more diversified group. TIM Brasil has been identified as a “strategic pillar of paramount importance” and a “jewel” within the group.

On 8 September, facing relatively low participation—approximately 6.16% of shares tendered—Poste Italiane increased its tender offer. The revised terms provide €1.97 in cash and 0.218 newly issued Poste ordinary shares per TIM share, a €0.30 increase in the cash component. Additionally, Poste Italiane waived the requirement to reach the 66.67% voting rights threshold. The Board of Directors stated this is the “final adjustment” and expects a positive impact on earnings per share starting in 2027. Following the announcement, TIM CEO Pietro Labriola and several executives have also tendered their shares. The offer period is scheduled to be reopened from 21 to 25 September 2026.

Entities

Poste Italiane · TIM · Ernesto Bisagno · Italian Government · Alberto Griselli

Timeline

  1. 4 days ago

    [BUSINESS] 13 sources
    Poste Italiane increases takeover bid for TIM

    Poste Italiane has increased its takeover bid for TIM, raising the cash component to 1.97 euros per share and waiving the 66.67% minimum voting rights threshold to encourage shareholder participation.

  2. 11 days ago

    [BUSINESS] 2 sources
    Poste Italiane tender offer for TIM reaches 3.3% participation

    Poste Italiane’s tender offer for TIM has reached a 3.34% participation rate. The deal requires a 66.67% threshold to be effective by the September 11 deadline.

  3. about 1 month ago

    [BUSINESS] 2 sources
    TIM rating under review as Poste Italiane's takeover bid prompts possible upgrade

    Moody's put TIM’s Ba1 rating under observation, citing a possible one‑to‑two‑notch upgrade if Poste Italiane’s takeover bid closes as planned.

  4. about 1 month ago

    [BUSINESS] 3 sources
    Poste Italiane to control TIM Brasil, calls Brazil a strategic 'jewel

    Poste Italiane, backed by the Italian government, will become the controlling shareholder of Gruppo TIM, keeping TIM Brasil under the group and calling Brazil a strategic 'jewel'.

  5. about 2 months ago

    [BUSINESS] 6 sources
    Poste Italiane launches €13.2 billion public offer to acquire TIM

    Poste Italiane’s €13.2 billion mixed cash‑share offer to buy TIM, launched on 20 July 2026, aims to merge networks, create an AI data platform and deliver €700 million synergies, with expected dividends of €1.3

  6. about 2 months ago

    [BUSINESS] 3 sources
    Poste Italiane's €13.4bn Offer to Acquire and Delist Telecom Italia (TIM)

    Poste Italiane's €13.4bn mixed cash‑stock OPA aims to delist and integrate TIM, targeting a 66.67% acceptance level, with early subscriptions at 0.05% and projected €700m annual synergies, while job contracts ‑

  7. about 2 months ago

    [BUSINESS] 5 sources
    Poste Italiane posts record half-year earnings, pushes TIM integration

    Poste Italiane posted record H1 2026 results—€6.8bn revenue, €1.8bn EBIT, €1.2bn profit—and moved forward with its TIM integration, a unified financial hub and Postal Savings reorganisation.

  8. about 2 months ago

    [BUSINESS] 8 sources
    Poste Italiane's €13 billion bid to acquire Telecom Italia

    Poste Italiane offered €1.67 cash + shares per TIM share in a €13 billion bid covering ~80% of Telecom Italia; offer runs 20 July‑11 Sept 2026, first day 832,748 applications; legal hurdle cleared; TIM brand to

  9. about 2 months ago

    [BUSINESS] 4 sources
    Telecom Italia TIM completes €12.1 million share repurchase in July 2026

    Telecom Italia TIM repurchased 1.53 million shares for €12.1 million in July 2026, part of a €400 million buyback programme approved in April.

  10. about 2 months ago

    [BUSINESS] 16 sources
    Poste Italiane's bid for Telecom Italia cleared by regulator and TIM board

    Consob and TIM’s board have cleared Poste Italiane’s €13‑14 billion public offer for Telecom Italia, offering €1.67 cash and 0.218 new shares per TIM share, with the tender running 20 July‑11 Sept 2026.

  11. about 2 months ago

    [BUSINESS] 5 sources
    Poste Italiane cleared by Bank of Italy to acquire Telecom Italia's TimFin stake

    Bank of Italy approved Poste Italiane’s plan to acquire a qualified stake in TimFin, clearing a key regulatory hurdle for its bid to take over Telecom Italia.

  12. 2 months ago

    [TECHNOLOGY] 6 sources
    Poste Italiane bids €13.5bn for Telecom Italia to build sovereign AI and cloud network

    Poste Italiane proposes a €13.5 bn bid for Telecom Italia to form a state‑backed group that will build a sovereign AI and cloud infrastructure, converting postal sites into edge‑computing hubs.

  13. 2 months ago

    [BUSINESS] 5 sources
    Leonardo, Poste Italiane to gain control of Italy's national cloud hub

    Leonardo will lift its stake in Italy’s National Strategic Hub to 35% while Poste Italiane is set to buy 20%, moving toward a 65% joint control of the EU‑backed cloud platform.

Sources

adginforma.it · assesempione.info · assodigitale.it · atarde.com.br · borse.it · businesspeople.it · corcianonline.it · donne.notizie.it · economymag.it · economymagazine.it · entilocali-online.it · finanza.com · giornaledeinavigli.it · giornaledellepmi.it · igizmo.it · ilcorrieredelgiorno.it · ilpensieromediterraneo.it · iltempo.it · indigo-blau.de · inliberta.it · it-boltwise.de · key4biz.it · kfgo.com · ladiscussione.com · lamiafinanza.it · lanotiziagiornale.it · lastampa.it · liberoquotidiano.it · mantovauno.it · metronews.it · mittelaltergazette.de · napolike.it · news.yam.md · newtuscia.it · notizie.it · oral.fi · ot.gr · periodicodaily.com · pordenoneoggi.it · primabergamo.it · primabrescia.it · primalamartesana.it · primalavaltellina.it · primalecco.it · primamilanoovest.it · primapaginanews.it · primatreviso.it · primavenezia.it

This summary has been updated 5 times: see revision history