Poste Italiane to hold 85.8% of Telecom Italia after €13B bid

Poste Italiane's takeover bid for Telecom Italia is set to secure an 85.8% stake, valued at over €13 billion at formal launch. This consolidates state-backed control over Italy's telecom incumbent, potentially reshaping the sector's competitive landscape. The outcome hinges on regulatory approvals and minority shareholder response.