The Board of Directors of Poste Italiane S.p.A., met, under the chairmanship of Silvia Maria Rovere, approved the launch of a voluntary public totalitarian cash and exchange offer on Telecom Italia S.p.A. The aim of the transaction is to create a single Group by integrating two of Italy’s largest and most important industrial companies. The new Group will represent the Country’s largest connected infrastructure platform, a true driver of innovation, a hub for infrastructure and technological security, and a strategic pillar of the national economy capable of generating value for all shareholders and contributing significantly to the growth of the industrial system’s productivity, the Country’s international competitiveness and the ability to attract investment.
The transaction is fully consistent with the long-term strategy of Poste Italiane, a systemic operator enabler of the Country’s digital transformation, providing essential services to Italians – a leader in the financial and insurance sectors, logistics, telecommunications and digital services. The “platform company” business model, based on Italy’s largest physical and digital network, finds a natural evolution in the integration with TIM, through the convergence of networks, cloud, edge computing, data, and digital identity.
The significant operational scale, combined with the extensive distribution network and the solidity of the relationship with the Italian families, businesses and the Public Administration, would represent a distinctive feature supporting the growth and strengthening the commercial effectiveness in target markets, through value creation that transcends the boundaries between traditional sectors by implementing the convergence of the physical and digital worlds.
