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Poste Italiane doesn't plan to raise Telecom Italia bid price, exec says - Finance news and analysis from Global Banking & Finance Review
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Poste Italiane doesn't plan to raise Telecom Italia bid price, exec says

Published by Global Banking & Finance Review

Posted on May 26, 2026

1 min read

· Last updated: May 26, 2026

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Poste Italiane Rules Out Raising €11 Billion Telecom Italia Bid Price

Poste Italiane Maintains Position on Telecom Italia Bid

General Manager's Statement

ROME, May 26 (Reuters) - Poste Italiane has no plans to raise the price of its bid for Telecom Italia (TIM), Poste's General Manager Giuseppe Lasco said on Tuesday.

Context of the Announcement

Lasco was speaking on the sidelines of business lobby Confindustria's annual meeting in Rome.

Background of the Bid

Poste's Investment in TIM

Poste, which last year became TIM's single largest investor, in March launched an €11-billion-euro ($12.8 billion) bid for the shares it does not already own, aiming to take the company private and create a national digital champion.

Exchange Rate Information

($1 = 0.8590 euros)

Reporting Credits

(Reporting by Giuseppe Fonte, writing by Alvise Armellini, editing by Giulia Segreti)

Key Takeaways

  • Poste Italiane declines to raise its takeover bid, calling it fair and final
  • The €10.8 billion mixed cash‑and‑stock offer includes a 9% premium over pre‑offer share price
  • Poste envisions restoring dividends and creating synergies through integration of TIM into its platform

Frequently Asked Questions

Will Poste Italiane raise its bid for Telecom Italia?
No, Poste Italiane does not intend to increase the price of its current bid for Telecom Italia, according to General Manager Giuseppe Lasco.
How much is Poste Italiane bidding for Telecom Italia?
Poste Italiane has launched an €11 billion ($12.8 billion) bid for the shares of Telecom Italia it does not already own.
What is the goal of Poste Italiane’s bid for Telecom Italia?
Poste Italiane aims to take Telecom Italia private and create a national digital champion through its acquisition bid.
Where was the statement about the Telecom Italia bid made?
The statement was made by General Manager Giuseppe Lasco during Confindustria's annual meeting in Rome.

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