Telecom Italia board backs Poste's takeover offer

Telecom Italia

18/07/2026 13:47

    July 18 (Reuters) - Telecom Italia TLIT.MI on Saturday said its board had unanimously approved Poste Italiane's PST.MI voluntary public tender and exchange offer for all of the company's shares.  
Poste, which last year became TIM's single largest investor, in March launched an 11 billion euro ($12.58 billion) bid for the shares it does not already own, aiming to take the company private and create a national digital champion.
     
     
($1 = 0.8742 euros)

(Reporting by Ruchika Khanna in Bengaluru; Editing by Kirsten Donovan)
((Ruchika.Khanna@thomsonreuters.com))