Poste Italiane has purchased ordinary actions from Vivendi di Telecom Italia equal to 15% of the total ordinary shares and 10.77% of TIM’s share capital. The price is equal to 0.2975 euros per share for a total of 684 million, which will be financed by means of a case available.
Conditions of the operation
The operation is suspensively conditioned to the notification to the Competition and Market Authority, pursuant to the discipline on the control of the concentrations between companies, reads a note from Poste Italiane.
Participation of Poste Italiane
With the purchase of TIM’s 15% from Vivendi, Poste Italiane will rise to a total participation of 24.81% ordinary shares and 17.81% of the share capital of the telephone company, becoming the greatest shareholder. In any case, we read in a note, Poste Italiane does not intend to acquire a participation higher than the relevant threshold for the purposes of the discipline on mandatory public purchase offers.
Strategic investment
The operation represents a strategic investment for Poste Italiane, made with the aim of carrying out A long -term industrial shareholder rolewhich can encourage the creation of synergies between the Italian post office and TIM, as well as bring added value for all stakeholders, as well as promoting the consolidation of the telecommunications market in Italy.
Partnership e sinergie
As previously communicated, the negotiation for the provision of services for postpay access – Company entirely controlled by Poste Italiane – TIM mobile network infrastructure starting from January 1, 2026. In addition, evaluations aimed at starting industrial partnerships aimed at enhancing the multiple opportunities for the creation of synergies between the two companies in the telephony sectors, ICT services and medium content, financial, insurance services and payments and energy are underway.
Residual participation of Vivendi
Vivendi, upon completion of the 15% of TIM in Poste Italiane, will maintain a minority participation of 2.51% of ordinary shares and voting rights of the Company telephone and 1.80% of its share capital. Vivendi has expressed on several occasions the intention of selling his participation in TIM under good financial conditions. On March 18, 2025, in fact, he had exceeded the threshold of 20% of the ordinary shares and the voting rights of Tim, with the sales of shares on the market. At the end of the counterattacks of March 25, 2025, Vivendi held 17.51% of the ordinary shares and TIM voting rights and 12.56% of his share capital.