Telecom Italia's board unanimously endorsed Poste Italiane's voluntary public tender and exchange offer for all shares of the company, which Poste initiated after acquiring a 20% stake last year. The board found the offer financially fair and aligned with TIM's strategic direction.
Poste's bid, exceeding €13 billion, is part of its strategy to expand into digital, telecom, and cloud services, leveraging its extensive network of 12,600 post offices. With two-thirds of Poste owned by the Italian state, the company has been transitioning into digital services since the early 2000s, successfully enrolling 30 million users in Italy's digital identity system.
This merger is expected to create a stronger state-backed entity capable of developing distributed computing infrastructure nationwide