Telecom Italia: Poste Italiane Set to Acquire Stake from CDP
Deal News | Feb 16, 2025 | EIN
Poste Italiane plans to acquire a 9.8% stake in Telecom Italia (TIM) from Cassa Depositi e Prestiti (CDP), with the operation reflecting a strategic investment aimed at consolidating the telecommunications market in Italy. In return, CDP will acquire Poste's 3.78% stake in the Italian payments group Nexi. This move aligns with Poste's interest in creating synergies and stimulating market consolidation, as confirmed by TIM's CEO. The company will partly finance the Telecom Italia acquisition by selling its entire stake in Nexi alongside using cash reserves. Additionally, Poste's payment technology arm, Postepay, is in discussions for access to TIM’s mobile network, which complements the investment strategy. This maneuver comes amidst intensifying competition in the Italian telecom sector, necessitating strategic partnerships to improve profitability and investment potential.
Sectors
- Telecommunications
- Financial Services
- Payments and Fintech
Geography
- Italy – The article refers to a transaction between Italian companies Poste Italiane, Telecom Italia, and Cassa Depositi e Prestiti, indicating a significant development in the Italian market.
Industry
- Telecommunications – The article involves Telecom Italia, a major player in the telecommunications sector, which is undergoing strategic investments to consolidate market positions.
- Financial Services – Poste Italiane, a financial conglomerate, is central to the transaction, indicating a cross-industry move between telecommunications and financial services.
- Payments and Fintech – Poste Italiane is divesting its stake in Nexi, a payment services firm, to partly fund its investment in Telecom Italia, highlighting the relevance of the payments industry.
Financials
- 9.8% – The stake in Telecom Italia that Poste Italiane plans to acquire from CDP.
- 3.78% – The stake in Nexi that CDP will acquire from Poste Italiane as part of the transaction.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Poste Italiane | Bidding Company/Buyer | Company | A state-backed financial conglomerate in Italy involved in the acquisition of a stake in Telecom Italia. |
| Telecom Italia (TIM) | Target Company | Company | An Italian telecommunications company that Poste Italiane is acquiring a stake in. |
| Cassa Depositi e Prestiti (CDP) | Selling Company/Vendor | Company | An Italian state lender selling its stake in Telecom Italia to Poste Italiane. |
| Nexi | Other Company | Company | An Italian payments group whose stake is being sold by Poste Italiane to partially fund its acquisition of Telecom Italia. |
| Pietro Labriola | CEO of Telecom Italia | Person | CEO of Telecom Italia who highlighted the strategic options available for the company. |