Poste Italiane is pursuing a €10.8 billion cash-and-share approach to fully acquire Telecom Italia, aiming to become more than TIM’s largest shareholder by taking control.

TIM’s current ownership already centers on Poste Italiane as the major shareholder, setting the stage for a strategic move to integrate TIM’s telecom assets with Poste’s network capabilities.

Reuters reports the development with contributions from Milan and Bengaluru, noting the exchange context where €1 equals about $0.8643.

If completed, the combined group would generate pro forma revenue of €27 billion and operate at about €5 billion in earnings, employing over 150,000 people.

A successful deal would delist Telecom Italia from the Euronext Milan market, consolidating Poste Italiane’s control.

The article frames ongoing negotiations toward a full acquisition, though no final agreement details are disclosed in the excerpt.

Poste aims to privatize TIM and knit together a unified group with integrated mobile and fixed networks, plus leadership in cloud and data center infrastructure.

The offer comprises €0.167 in cash and 0.0218 newly issued Poste shares for each TIM share, valuing TIM at €0.635 per share and signaling roughly a 9% premium to the prior Friday’s close.

Market context shows Poste Italiane trading around €21.45 and TIM around €0.58 in the preceding session, reinforcing the premium noted in coverage.

The deal, anticipated to close by year-end 2026, would be a cash-and-stock transaction transforming TIM into a Poste-controlled entity.

The move fits Poste Italiane’s broader diversification into insurance, digital payments, and tech infrastructure, expanding its role in Italy’s digital economy.

Overall, the transaction would reposition Poste Italiane as the outright owner of Telecom Italia, potentially reshaping Italy’s telecom landscape.