# Poste Italiane acquires controlling stake in TIM > Live situation record from CLSTR: https://clstr.news/situations/italian-sovereign-cloud-consolidation > Updated: 2026-09-21T12:06:33.000Z. Sources: 78. Developments: 16. On 11 September 2026, Poste Italiane successfully acquired a controlling interest in TIM, reaching a total stake of approximately 66.63%. This was achieved through a voluntary public tender offer that saw a massive surge in participation following a price modification on 7 September, which increased the cash component by 30 cents per share to a total of €1.97, alongside 0.218 new Poste shares per TIM share. Provisional results indicate that Poste will hold 66.627% of TIM’s share capital, combining its existing 20.104% stake with 993,608,722 newly tendered shares. This adjustment increased the total transaction value by approximately €550 million, bringing the market value of the deal to around €13.15 billion. With this majority stake, Poste Italiane possesses sufficient control to influence extraordinary shareholder meetings, including decisions regarding the potential delisting of TIM from the Milan Stock Exchange. TIM CEO Pietro Labriola noted that the move “makes industrial sense.” Following the initial phase, participation in the offer reached 46.5% of the capital by the final available day for subscription. Management decided to extend the process, with a reopening of terms scheduled from 21 September to 25 September. This reopening aims to help the state-owned entity reach a 90% ownership threshold, which would facilitate the potential delisting of Telecom Italia from the Milan Stock Exchange. Through this acquisition, Poste Italiane has also become the indirect controller of TIM Brasil. This strategic move aligns with the Italian government's initiative to establish a national champion in digital services and infrastructure. ## Claims - Poste Italiane is projected to hold 66.627% of Telecom Italia's share capital. (corroborated by 13 sources) - The exchange offer consists of 0.218 new Poste Italiane shares and 1.97 euros in cash per TIM share. (corroborated by 3 sources) - Poste increased the cash component of the offer by 30 cents per share to encourage participation. (corroborated by 3 sources) - Payments for shareholders who adhered to the offer are scheduled for Friday, September 18. (corroborated by 2 sources) - A total of 993,608,722 TIM shares, representing 46.523% of the total share capital, were tendered. (corroborated by 2 sources) - The revised offer increased the transaction value by approximately 550 million euros to around 13.15 billion euros. (single source) - The declared ultimate goal of the operation is the delisting of TIM from the stock exchange. (single source) - TIM CEO Pietro Labriola stated that the deal makes industrial sense. (single source) ## Timeline ### 2026-09-21: Poste Italiane becomes indirect controller of TIM Brasil Poste Italiane has become the indirect controller of TIM Brasil after acquiring a 66.63% stake in Telecom Italia through a public tender offer. 2 sources. https://clstr.news/cluster/poste-italiane-becomes-indirect-controller-of-tim-brasil ### 2026-09-19: Poste Italiane reaches 66.6% stake in Telecom Italia Poste Italiane has increased its stake in Telecom Italia to 66.6% through a tender offer. The process may be reopened from September 21 to 25 to reach the 66.67% target. 2 sources. https://clstr.news/cluster/poste-italiane-reaches-666-stake-in-telecom-italia ### 2026-09-11: Poste Italiane acquires 66.6% controlling stake in Telecom Italia Poste Italiane has acquired a 66.6% controlling stake in Telecom Italia (TIM) after a successful tender offer, following a revised deal that increased cash compensation for shareholders. 17 sources. https://clstr.news/cluster/poste-italiane-acquires-controlling-666-stake-in-tim ### 2026-09-08: 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. 13 sources. https://clstr.news/cluster/poste-italiane-increases-tender-offer-for-tim ### 2026-08-31: 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. 2 sources. https://clstr.news/cluster/poste-italiane-tender-offer-for-tim-reaches-33-participation ### 2026-08-06: 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. 2 sources. https://clstr.news/cluster/tim-rating-under-review-as-poste-italianes-takeover-bid-prompts-possible-upgrade ### 2026-08-02: 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'. 3 sources. https://clstr.news/cluster/poste-italiane-to-control-tim-brasil-calls-brazil-a-strategic-jewel ### 2026-07-27: 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 sources. https://clstr.news/cluster/poste-italiane-launches-132-billion-public-offer-to-acquire-tim ### 2026-07-24: 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 ‑ 3 sources. https://clstr.news/cluster/poste-italianes-134bn-offer-to-acquire-and-delist-telecom-italia-tim ### 2026-07-24: 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. 5 sources. https://clstr.news/cluster/poste-italiane-posts-record-half-year-earnings-pushes-tim-integration ### 2026-07-20: 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 8 sources. https://clstr.news/cluster/poste-italiane-launches-134-billion-public-offer-to-acquire-tim ### 2026-07-20: 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. 4 sources. https://clstr.news/cluster/telecom-italia-tim-completes-121-million-share-repurchase-in-july-2026 ### 2026-07-16: 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. 16 sources. https://clstr.news/cluster/poste-italianes-134-bn-tender-offer-for-telecom-italia-gets-consob-approval ### 2026-07-14: 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. 5 sources. https://clstr.news/cluster/bank-of-italy-approves-poste-italianes-timfin-acquisition ### 2026-07-10: 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. 6 sources. https://clstr.news/cluster/poste-italiane-bids-135bn-for-telecom-italia-to-build-sovereign-ai-and-cloud-network ### 2026-07-06: 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. 5 sources. https://clstr.news/cluster/leonardo-poste-italiane-to-gain-control-of-italys-national-cloud-hub --- Cite as: Poste Italiane acquires controlling stake in TIM. CLSTR, https://clstr.news/situations/italian-sovereign-cloud-consolidation