Finance
Telecom Italia Names Goldman Sachs, Evercore as Advisers on Poste Bid, Sources Say
Published by Global Banking & Finance Review®
Posted on April 13, 2026
2 min readLast updated: April 13, 2026
Add as preferred source on GoogleQuick Summary
Telecom Italia has appointed Goldman Sachs and Evercore to advise on Poste Italiane’s €10.8 billion cash-and-share bid to take the company private, as the postal group seeks full control of the telecom operator amid state-led consolidation plans.
Telecom Italia picks Goldman Sachs, Evercore to review Poste bid, sources say
Telecom Italia's Strategic Review of Poste Italiane's Bid
Appointment of Financial Advisers
MILAN, April 13 (Reuters) - Telecom Italia (TIM) has named Goldman Sachs and Evercore as advisers for the review of state-backed conglomerate Poste Italiane's cash-and-share offer to take the phone group private, two sources familiar with the matter said.
Telecom Italia declined to comment. Goldman Sachs and Evercore were not immediately available for comment.
Details of Poste Italiane's Bid
State-backed conglomerate Poste last month unveiled a 10.8 billion euro bid https://www.reuters.com/business/italys-poste-moves-expand-activities-with-telecom-italia-bid-2026-03-23/ to take TIM private and create a national digital champion, strengthening state control of assets that handle critical household and corporate data.
Implications for TIM's Assets
The deal would give Poste control of TIM's data-centre network and its cybersecurity unit Telsy, expanding Poste's role in digital services for consumers, large companies, and government bodies.
Board Assessment and Value Considerations
TIM's board met on Monday to appoint advisers to assess whether Poste's bid adequately reflects the company's value, the people said.
Expected Synergies and Financial Impact
Poste, which offers logistics, financial, payments, broadband and insurance services, has forecast 700 million euros in yearly benefits in earnings from the combination.
Shareholding Structure and Recent Developments
Poste's Stake in Telecom Italia
It is TIM's leading investor with 27% of its ordinary share capital. That holding is set to fall close to 20% after TIM converts some special shares it has outstanding into ordinary stock in May.
Acquisition of Stake from Vivendi
The financial conglomerate amassed the stake last year, buying tmost of its holding from France's Vivendi.
(Reporting by Elvira Pollina, editing by Gavin Jones)
Key Takeaways
- •Poste Italiane launched a voluntary public takeover offer for Telecom Italia valued at €10.8 billion, comprising cash and newly issued shares at €0.635 per TIM share, a ~9 % premium to market price. (mobileworldlive.com)
- •Goldman Sachs and Evercore have been named as financial advisers to Telecom Italia to assist with evaluating the strategic, financial, and governance implications of the bid. (elpais.com)
- •The deal aligns with Italy’s ‘national champions’ strategy, but faces hurdles including Telecom Italia’s substantial €30 billion debt and the need for regulatory/government approval under Italy’s Golden Power rules. (ainvest.com)
References
Frequently Asked Questions about Telecom Italia names Goldman Sachs, Evercore as advisers on Poste bid, sources say
1Who has Telecom Italia appointed as advisers for the Poste Italiane offer?
Telecom Italia has named Goldman Sachs and Evercore as advisers on Poste Italiane's bid.
2What is Poste Italiane offering in its bid for Telecom Italia?
Poste Italiane has made a cash-and-share offer to take Telecom Italia private.
3Has Telecom Italia commented on the appointment of advisers?
Telecom Italia declined to comment on naming Goldman Sachs and Evercore as advisers.
4Were Goldman Sachs and Evercore available for comment on the bid?
Goldman Sachs and Evercore were not immediately available for comment regarding the appointment.
