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    Telecom Italia said to lean toward €10.8 billion Poste bid, Bloomberg News reports

    Picture of Telecom Italia logoTelecom Italia
    17/07/2026 18:22
    Telecom Italia said to lean toward €10.8 billion Poste bid, Bloomberg News reports
    July 17 (Reuters) - Telecom Italia's TLIT.MI board is leaning toward endorsing Poste Italiane's PST.MI €10.8 billion ($12.35 billion) takeover offer as fair, and is unlikely to push for a higher price, Bloomberg News reported on Friday.
    The board of the Italian phone company will meet on Saturday to review the bid, the report added, citing people familiar with the matter. 
    Reuters could not immediately verify the report.


    ($1 = 0.8744 euros)

     (Reporting by Anusha Shah in Bengaluru; Editing by Diti Pujara)
     ((AnushaDevang.Shah@thomsonreuters.com;))

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