Telecom Italia CEO says market to weigh Poste bid

Telecom Italia SpA

24/03/2026 09:57

MILAN, March 24 (Reuters) - The head of Telecom Italia TLIT.MI said on Tuesday it was up to the market to judge the fairness of an offer made by state-backed Poste Italiane PST.MI for TIM.

Poste - TIM's largest investor - on Sunday made a 10.8 billion euro ($12.52 billion) cash-and-share bid to take the former phone monopoly private.

"This is something that usually happens in the market... We have to follow the process," Chief Executive Pietro Labriola told Bloomberg TV, adding that TIM had spent the past five years pursuing a market‑friendly strategy.

"Now the market has to decide about the fairness of this offer," he said.

($1 = 0.8626 euros)

 (Reporting by Elvira Pollina, editing by Giulia Segreti)

 ((elvira.pollina@thomsonreuters.com;))