PosteMobile and TIM Merger: A Potential New Italian Mobile Operator
- (TIM) following a strategic agreement to acquire a significant portion of the telecommunications company's ordinary shares from Vivendi SE.
- As resolved by its Board of Directors on March 26, 2025, Poste Italiane signed an agreement on March 29, 2025, to purchase ordinary shares of TIM representing 15.00%...
- The transaction is valued at €684 million, based on a price of €0.2975 per share.
Poste Italiane S.p.A. Has become the largest shareholder of Telecom Italia S.p.A. (TIM) following a strategic agreement to acquire a significant portion of the telecommunications company’s ordinary shares from Vivendi SE.
As resolved by its Board of Directors on March 26, 2025, Poste Italiane signed an agreement on March 29, 2025, to purchase ordinary shares of TIM representing 15.00% of the company’s total ordinary shares and 10.77% of its total share capital.
The transaction is valued at €684 million, based on a price of €0.2975 per share. According to the company, the purchase will be funded using available cash.
This acquisition follows a previous investment made by Poste Italiane on February 15, 2025, when the company acquired a 9.81% stake in TIM’s ordinary shares from Cassa Depositi e Prestiti S.p.A.
Upon the completion of the Vivendi transaction, which is expected to occur by the first half of 2025, Poste Italiane will hold a total of 24.81% of TIM’s ordinary shares and 17.81% of the overall share capital.
Poste Italiane has stated that it does not intend to increase its stake beyond the threshold that would trigger a mandatory public tender offer.
The company framed the acquisition as a strategic move intended to establish Poste Italiane as a long-term industrial shareholder. The primary objectives of the investment include:
- Generating synergies between Poste Italiane and TIM to create added value for stakeholders.
- Supporting the broader consolidation of the Italian telecommunications market.
The finalization of the deal remains subject to notification and approval from the Italian Competition Authority, in accordance with established regulations regarding the control of concentrations between companies.
The move signals a shift in the ownership structure of the former phone monopoly, with Poste Italiane moving into a dominant position to influence the industrial direction of the network operator.
The acquisition from Vivendi SE marks a significant reallocation of influence within TIM, as Poste Italiane leverages its cash reserves to secure a lead role in the national telecommunications landscape.