Poste Italiane doesn't plan to raise Telecom Italia bid price, exec says

Telecom Italia SpA

26/05/2026 11:55

ROME, May 26 (Reuters) - Poste Italiane PST.MI has no plans to raise the price of its bid for Telecom Italia (TIM) TLIT.MI, Poste's General Manager Giuseppe Lasco said on Tuesday.

Lasco was speaking on the sidelines of business lobby Confindustria's annual meeting in Rome.

Poste, which last year became TIM's single largest investor, in March launched an €11-billion-euro ($12.8 billion) bid for the shares it does not already own, aiming to take the company private and create a national digital champion.

($1 = 0.8590 euros)

 (Reporting by Giuseppe Fonte, writing by Alvise Armellini, editing by Giulia Segreti)

 ((alvise.armellini@thomsonreuters.com;))