Telecom Italia picks Goldman Sachs, Evercore to review Poste bid, sources say (updated)

Telecom Italia SpA

13/04/2026 16:49

Rewrites paragraphs 1,2 with company statement

MILAN, April 13 (Reuters) -
Telecom Italia (TIM) TLIT.MI has named Goldman Sachs and Evercore as advisers to assist in the review of state-backed conglomerate Poste Italiane's PST.MI cash-and-share offer to take the phone group private, the company said on Monday, confirming an earlier Reuters report.

In a statement, Telecom Italia said it has picked law firms Bonelli Erede and Gatti Pavesi Bianchi Ludovici to examine  Poste Italiane's bid.

Two sources told Reuters earlier in the day that the company had picked Goldman Sachs and Evercore as advisers on the a 10.8 billion euro bid from Poste last month to take TIM private and create a national digital champion, strengthening state control of assets that handle critical household and corporate data.

The deal would give Poste control of TIM's data-centre network and its cybersecurity unit Telsy, expanding Poste's role in digital services for consumers, large companies, and government bodies.

TIM's board met on Monday to appoint advisers to assess whether Poste's bid adequately reflects the company's value, the people said.

Poste, which offers logistics, financial, payments, broadband and insurance services, has forecast 700 million euros in yearly benefits in earnings from the combination.

It is TIM's leading investor with 27% of its ordinary share capital. That holding is set to fall close to 20% after TIM converts some special shares it has outstanding into ordinary stock in May.

The financial conglomerate amassed the stake last year, buying most of its holding from France's Vivendi VIV.PA.

 (Reporting by Elvira Pollina, additional reporting by Gursimran Kaur, editing by Gavin Jones and Nick Zieminski)

 ((gavin.jones@thomsonreuters.com; +39 06 8522 4232;))