Timthe former telephony monopolist, has returned entirely to Italian hands. Post purchased about 15% of the actions from the French Vivenditaking just less than 25% of the company. A threshold that allows the company to check Tim without having to resort to a public offer.
The complex privatization of TIM ends with a new transition to the State, which in the meantime has profoundly transformed, reducing itself from manager of the network to a simple operator. In the future of the company there are synergies with Poste Italiane, to continue to compete in one of the most competitive telephone markets in Europe.
The Poste and Tim operation in detail
The rumors about the will of Poste Italiane to take control of Tim had emerged for several weeks, but suddenly materialized on the morning of Sunday 30 March. The group purchased 15% of the actions of the telephone provider from the Frenchman, a 0.29 euros per share. It is one of the lower prices ever For TIM titles.
Poste had already purchased 9.7% of TIM from Cassa Depositi e Prestiti. The latter operation allowed her to firmly control the most stable part of the capital of the telephone provider.
Tim then returns in fact under the check publicafter a long story of attempted privatizations. Poste is in fact controlled over 64% by the State, precisely through Cassa Depositi e Prestiti and the treasure.
How TIM has changed
Before this step, Tim suffered a heavy reduction in his skills. The decisive passage was the sale of the Italian telephone network to the American fund KKR. From the operation, which ended in the summer of 2024, the company has obtained about 18.8 billion euros, which could rise to 22 billion under some conditions.
The decision to sell one of its most value assets also involved a reduction Very significant of TIM. The employees have reduced from over 31 thousand to less than 18 thousand. Indicative is also the fact that the exchange between Vivendi and Poste took place to one of the lowest share values in the history of the title.
The French company therefore leaves one of its most significant investments in Italy. Vivendi It now remains with just over 2.5% of TIM, a largely minority portion. After the failed climb to Mediaset, this is another important retreat by Vincent Bolloré, owner of Vivendi, from Italy.
What do you want to do with TIM
Poste, on the sidelines of the announcement of the operation, explicitly explicitly the importance of this acquisition for the group: “The group has the aim of playing a role of long -term industrial shareholderwhich can encourage the creation of synergies between the Italian post office and TIM, as well as bring added value for all stakeholders, as well as promoting the consolidation of the telecommunications market in Italy. “
Poste already acts in different areas that can interact with the reference market of TIM, as also underlined by a note from the company.
Evaluations aimed at the start of industrial partnerships aimed at enhancing the multiple opportunities for the creation of synergies between the two companies in the telephony sectors, ICT services and medium content, financial services, insurance services and payments are underway, and finally energy, “said Poste.
The acquisition should materialize within the first semester 2025 and is still subject to the approval of the antitrust.
