Poste Italiane to acquire Telecom Italia in €13bn takeover

Type: Acquisition · Technology: Telecom · Country: Italy · Value: $14.8B · Announced: 2026-07-20

Poste Italiane announced a €13 billion ($14.8 billion) cash‑and‑share offer to acquire Telecom Italia, offering €1.67 in cash plus 0.218 newly issued Poste shares per Telecom Italia share. The board of Telecom Italia approved the offer on 20 July 2026, paving the way for the transaction to close pending shareholder approval. The deal would return the telecom operator to state ownership after its 1997 privatization and follows Poste’s earlier 9 percent stake purchase in 2025. Telecom Italia’s assets include a nationwide fixed‑line network, mobile services and data‑center facilities, which will become part of Poste’s broader digital infrastructure portfolio. The transaction is expected to be financed through Poste’s cash reserves and the issuance of new shares, with no external lenders disclosed. No advisors or legal counsel were named in the announcement.

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