Telecom Italia SpA’s board is reportedly leaning towards accepting Poste Italiane SpA’s €10.8 billion takeover offer for its Net Co landline grid, signaling a potential major shift in the Italian telecommunications landscape. Sources suggest the board views the offer as a fair valuation and is unlikely to pursue a higher price.

This potential divestment of Net Co, encompassing both fiber and copper networks, is a key part of Telecom Italia's strategy to reduce its substantial debt and refocus operations amidst intense market competition. Shedding the capital-intensive infrastructure could allow the company to concentrate on service offerings and mobile operations.

The deal, if finalized, would represent a significant transformation for both companies. For Poste Italiane, it would mean becoming a major infrastructure player, expanding its digital economy reach. For Telecom Italia, it marks a fundamental pivot from its historical role as an integrated network owner. Regulatory approvals and the Italian government’s stance will be crucial, as will the implications for market competition and employment.