# Poste Italiane acquisition of TIM

> Live situation record from CLSTR: https://clstr.news/situations/poste-italiane-acquisition-of-tim
> Updated: 2026-09-14T07:56:25.000Z. Sources: 24. Developments: 2.

Poste Italiane has completed the first phase of its public tender offer (OPAS) for the telecommunications group TIM, increasing its stake to 66.63%. This milestone was achieved following a significant acceleration in participation during the final days of the window, which closed on September 11, 2026. The acquisition of approximately 994 million shares, representing 46.5% of TIM’s capital, combines with Poste Italiane’s existing 20.1% holding.

By surpassing the two-thirds ownership threshold, Poste Italiane now holds the ability to approve extraordinary shareholder resolutions, such as corporate mergers and transformations. The offer structure provides participants with 1.97 euros in cash and 0.218 Poste Italiane shares per share. If fully subscribed, the total estimated cost is approximately 3.3 billion euros, to be financed through bank debt.

TIM CEO Pietro Labriola described the offer as “industrially consistent.” Poste Italiane CEO Matteo Del Fante expressed satisfaction with the market response, noting that the high participation rate reflects investor confidence in the strategic integration of postal, logistics, telecommunications, and digital infrastructure services. Giuseppe Lasco, General Manager of Poste Italiane, characterized the operation as a “historic event for Italy” intended to drive digital transition and create a group capable of competing with major international players. A second window for participation in the offer is scheduled to take place from September 21 to 25, 2026.

## Claims

- A second window for participation is scheduled from September 21 to 25, 2026. (corroborated by 16 sources)
- Matteo Del Fante stated that the market's response will grant Poste Italiane significant control over TIM. (corroborated by 14 sources)
- Poste Italiane reached 66.63% ownership of TIM following the first phase of the tender offer. (corroborated by 8 sources)
- The tender offer includes 1.97 euros in cash and 0.218 Poste Italiane shares per title. (corroborated by 2 sources)
- The tender offer saw the delivery of approximately 994 million shares, representing 46.5% of TIM's capital. (corroborated by 2 sources)
- Total estimated expenditure for the offer is approximately 3.3 billion euros, to be financed via bank debt. (single source)

## Timeline

### 2026-09-14: Poste Italiane reaches 66.6% ownership of TIM after first tender offer phase

Poste Italiane has reached 66.63% ownership of TIM following the first phase of its tender offer, securing significant control and planning further integration of the two companies.

19 sources. https://clstr.news/cluster/poste-italiane-reaches-6663-stake-in-tim

### 2026-09-07: Tim CEO Pietro Labriola joins Poste Italiane tender offer

Tim CEO Pietro Labriola and strategic managers have adhered to the Poste Italiane tender offer, following a board decision that the offer was financially fair.

5 sources. https://clstr.news/cluster/tim-ceo-pietro-labriola-joins-poste-italiane-tender-offer

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Cite as: Poste Italiane acquisition of TIM. CLSTR, https://clstr.news/situations/poste-italiane-acquisition-of-tim