Poste Italiane Raises Telecom Italia Stake to 86.95% After Tender

State-owned Poste Italiane completed its voluntary tender offer for Telecom Italia, lifting its stake to 86.95% from a prior minority position. The move consolidates state control over Italy's former telecom monopoly, likely ahead of a full delisting. This is a continuation of a state-backed consolidation trend, with implications for minority shareholders and Italian telecom market structure.