Italy's Poste launches $12 bln cash-and-share bid to buy Telecom Italia
Published on March 22, 2026.
Italy's Poste has made a $12 billion bid to take over Telecom Italia, aiming to offer 0.167 euros in cash and newly-issued Poste shares per share. The deal would provide the company with a leading position in cloud computing and data infrastructure. The combined company would have pro-formatted revenue of 27 billion euros and an operating profit of 5 billion.
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