Green light of the Antitrust Authority at the operation that saw Poste Italiane strengthened in TIM’s capital, purchasing a 15% participation from Vivendi and becoming the greatest shareholder of the telephone company led by Pietro Labriola, with a 25% share. The green light of the authority comes at the end of a procedure that has ascertained the absence of obstacles to competition.
The note of Poste Italiane
“In relation to the acquisition of 15% of TIM’s ordinary shares, communicated to the Competition and Market Authority (AGCM) on May 21, 2025, at the outcome of which Poste Italiane holds 24.81% of TIM’s ordinary shares, – recalls a note – the Company communicates that, in the session of September 3, 2025, the AGCM has approved to approve the operation without conditions and, therefore, not to start the investigation”.
The Competition Authority deemed that the operation – summons to the post office verbatim – “does not significantly hinder the effective competition in the markets concerned and does not entail the establishment or strengthening of a dominant position”.
The yes of the antitrust follows the positive opinion of AGCOM
The Green Disco of the AGCM comes shortly after the approval of the operation by AGCOM which, for its competence, has ascertained that the operation does not hinder pluralism in communications, that is, it is not “relevant in determining the establishment of distorting or in any case harmful effects of pluralism”.
The AGCOM took care that there were no overlaps between Poste and Tim with regard to the information and audiovisual sector, as TIM operates in the on-demand TV sector with the TIM Vision brand, but “does not carry out information programs”, while Poste carries out editorial activities, but this activity is substantiated in the distribution of “a single newspaper per day” through the House, they build Poste News, granted for free to employee and ex. Group employees and available online and closed circuit in post offices.
AGCOM has come to its conclusions “taking into account the need in the integrated system of TIM communications and the fact that Posta does not work in the same, also considered the competitive dynamic and the type of content made available”. The authority reserves anyway “a careful monitoring action, in order to prevent any alterations of the competitive conditions of the market and the level of pluralism” may be determined “.
The entry of Poste into TIM as a majority shareholder
At the end of March, Poste Italiane strengthened its position in TIM, of which it already held a participation of 9.81%, purchasing a 15%share from Vivendi and becoming the first shareholder of the telephone company with a share of 24.81%.
An operation that had been greeted with great euphoria by the market, since it had reported control of the company under the aegis of the Italian state, which precisely controls the TLC operator through the post office, subtracting it from the influence of the French.
The operation, worth 684 million euros, could generate important synergies and strengthen TIM’s position in the telecommunications sector. Pietro Labriola, CEO of Tim has repeatedly commented on with the strengthening of the post office in the capital, and recently stressed that the operation has allowed the title to climb from 29 to 39 cents, already offering an advantage the capitalization terms of 1.5-2 billion.
