Telecom Italia’s board accepted a cash and stock bid from Poste Italiane that would give the state‑controlled postal service full control of the telecoms group.\n\nThe offer, valued at €1.67 in cash and 0.218 newly issued Poste ordinary shares per Telecomенный share tendered, is now worth around €13bn, up from the original €10.8bn estimate, based on Poste’s closing share price of €27.84 on Friday.\n\nThe deal follows a wave of European telecom mergers, such as the June SFR acquisition by a French consortium for €20.35bn and the Vodafone–Three UK tie‑up last year.\n\nPoste Italiane, already holding about 20 % of Telecom Italia, said the company had outperformed since the stake was bought, and that it deserved the same trust now it launches the takeover.\n\nThe bid comes after Telecom Italia sold its fixed‑line network to KKR for €22bn in 2024, cutting its debt, and after the state fund Cassa Depositi e Prestiti and Treasury own 65 % of PosteImgs.