Reported 23 days ago
Poste Italiane has announced its agreement to purchase a 15% stake in Telecom Italia from Vivendi, making it the largest investor in the telecom company with a total 24.8% holding. This acquisition, valued at approximately 684 million euros, allows Poste to further strengthen its position as a long-term shareholder and support potential sector consolidation, following a recent reduction of Vivendi's stake. Poste aims to leverage its financial and industrial capabilities to foster cooperation and enhance the strategic importance of TIM in Italy's telecommunications landscape.
Source: YAHOO