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Telecom Italia mulls including insurance, payments, energy services in bylaws, sources say - Finance news and analysis from Global Banking & Finance Review
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Telecom Italia mulls including insurance, payments, energy services in bylaws, sources say

Published by Global Banking & Finance Review

Posted on May 13, 2025

2 min read

· Last updated: May 13, 2025

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Telecom Italia Considers Expanding Services in Bylaws

MILAN (Reuters) -Italy's biggest phone group Telecom Italia (TIM) is considering adding insurance, digital payments and energy to its business as described in its bylaws ahead of expanding the offering of those services, two sources told Reuters.

Having sold its prized landline grid, TIM, the heir to Italy's phone monopoly, is looking to reshape its consumer arm to offer clients more services beyond mobile and fixed broadband connectivity, to boost its average monthly revenue per unit.

TIM is considering the changes to its bylaws after Italian postal services operator Poste Italiane, which offers insurance, digital payments and energy services, earlier this year took a stake in TIM.

State-backed Poste is set to become TIM's single biggest investor with a 24.8% holding, replacing France's Vivendi.

TIM's board of directors is expected to discuss the matter on May 23, at a meeting where TIM will decide which topics shareholders will be called to vote upon at its annual general meeting at the end of June, the sources said.

Under Italian laws, any proposed changes to the corporate purpose of a company in its statutory bylaws need shareholder approval. Dissenting investors have the right to withdraw by selling their shares back to the company.

TIM and Poste said last week they are evaluating partnerships to cross-sell services to their respective customers.

(Reporting by Elvira Pollina; Editing by Valentina Za)

Key Takeaways

  • Telecom Italia plans to expand into insurance, payments, and energy.
  • TIM aims to reshape its consumer arm post landline grid sale.
  • Poste Italiane to become TIM's largest investor with 24.8%.
  • TIM's board to discuss bylaw changes on May 23.
  • Shareholder approval needed for corporate purpose changes.

Frequently Asked Questions

What is the main topic?
The main topic is Telecom Italia's consideration to expand its services to include insurance, digital payments, and energy.
Why is Telecom Italia changing its bylaws?
Telecom Italia is changing its bylaws to expand its service offerings and boost average monthly revenue per unit.
Who is Telecom Italia's largest investor?
Poste Italiane is set to become Telecom Italia's largest investor with a 24.8% stake.

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