Poste Italiane → Telecom Italia
State-controlled Poste Italiane offers €10.8bn to take over all of Telecom Italia and delist it, building a national 'digital champion'.
"Salta o rivista" (falls through or revised): tender offer withdrawn, lapsed, or completed with consideration or perimeter changed versus the announcement. "Riesce e crea valore" (succeeds and creates value): offer completed on announced terms with Telecom Italia delisted (via acceptances, squeeze-out or merger) within twelve months of completion. "Va in porto ma delude" (completes but disappoints): completed on announced terms but without delisting within that term. Resolution based on official issuer announcements or rulings by the competent authorities (ente/primaria tier sources); the card closes at the first condition met.
As of 18 August 2026, acceptances of Poste Italiane's tender offer on Telecom Italia exceed 2% of share capital, up from the 1.92% recorded on 14 August. The pace of acceptances remains very low and no material threshold for the offer's success has been reached.
As of 14 August 2026, acceptances in Poste Italiane's tender offer for Telecom Italia have reached 1.92% of share capital, up from the 1.62% recorded on 10 August. The pace of acceptances remains very low: no material success threshold has been reached and the trend shows no significant acceleration.
As of 10 August 2026, acceptances of Poste Italiane's tender offer for Telecom Italia reach approximately 1.62% of share capital, up from the 1.52% recorded on 7 August. The pace of acceptances remains very subdued and no material threshold for the offer's success has been reached.
As of 7 August 2026, acceptances in Poste Italiane's tender offer for Telecom Italia exceed 1.52% of share capital, up from 1.01% recorded on 3 August. The pace of tendering remains very low. Separately, Moody's has placed TIM's rating under review for a possible upgrade, a positive external signal linked to the offer.
As of 3 August 2026, acceptances in Poste Italiane's tender offer for Telecom Italia have exceeded 1.01% of share capital, up from the 0.9% recorded on 31 July. The pace of acceptances remains very low.
As of 31 July 2026, acceptances of Poste Italiane's tender offer on Telecom Italia have exceeded 0.9% of share capital, up from 0.49% recorded on 27 July. The pace of acceptances remains very low in the early stages of the offer period.
As of 27 July 2026, acceptances in Poste Italiane's tender offer for Telecom Italia stand at 0.49% of the share capital. This figure, the first official update since the offer launched, signals a very cautious start from TIM shareholders, though the acceptance period is still in its early stages.
Poste Italiane launches the OPAS on TIM, with the telco's Board deeming the consideration appropriate.
Poste Italiane approves a capital increase of €372 million, a concrete signal that the company is raising the financial resources needed to support its bid for Telecom Italia.