[REVISION HISTORY]

Poste Italiane acquires controlling stake in TIM

Updated 9 times since CLSTR started tracking revisions of this situation.

What changed

2026-09-20 16:41 UTC → 2026-09-21 15:36 UTC · added ~~removed~~

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 ~~has~~ decided to extend the process, with a reopening of terms scheduled from 21 September to 25 ~~September, potentially~~ September. This reopening aims to ~~ensure~~ help the ~~minimum threshold~~ state-owned entity reach a 90% ownership threshold, which would facilitate the potential delisting of ~~66.67% participation is met. Final results for~~ Telecom Italia from the ~~current phase are expected on 17 September. Payments for shareholders who have already delivered shares are expected on 18 September. Those participating during~~ Milan Stock Exchange. Through this acquisition, Poste Italiane has also become the ~~reopening period between 21 and 25 September are scheduled~~ indirect controller of TIM Brasil. This strategic move aligns with the Italian government's initiative to ~~receive payment on 2 October.~~ establish a national champion in digital services and infrastructure.

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