Italy’s Postal Service Confirms $12.5 Billion Bid for Telecom Italia
Italy's postal service, Poste Italiane, has confirmed its $12.5 billion takeover bid for Telecom Italia (TIM), with the Wall Street Journal also reporting the substantial offer, signaling a major move in the telecommunications sector.
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Italy’s Postal Service Makes $12.50 Billion Bid for Telecom Italia - WSJ
Italy’s Postal Service Makes $12.50 Billion Bid for Telecom Italia WSJ
Read full article →TIM will remain a 'stand-alone company' after Poste takeover
(ANSA) - ROME, MAR 23 - TIM will remain a stand-alone group after Poste Italiane takes over the Italian telecommunications group, Matteo Del Fante, the CEO of the State-controlled postal company, said on Monday. Poste Italiane said Sunday that it was launching a 10.8-billion-euro cash‑and‑share takeover bid for TIM. The postal company, which has strong banking, insurance and financial services arms as well as energy and broadband activities, was already the former phone monopoly's biggest sha...
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