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Poste to buy Telecom Italia's 15% stake from Vivendi
Gulf Today
|March 31, 2025
Poste Italiane has agreed to buy the bulk of Vivendi's stake in Telecom Italia to replace the French group as the main investor in the phone group with a 24.8% holding, Poste said on Saturday.
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Confirming what sources had earlier told Reuters, Poste said it was buying a 15% stake in TIM from Vivendi, which had recently reduced its holding to 18.4%.
Poste said it would use available cash to fund the 684 million euro ($741 million) investment, buying shares in TIM at 0.2975 euros each.
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