ROME, April 13 (Reuters) - Telecom Italia (TIM) has named Goldman Sachs and Evercore as advisers to assist in the review of state-backed conglomerate Poste Italiane's cash-and-share offer to take the
Telecom Italia picks Goldman Sachs, Evercore to review Poste bid
Telecom Italia's Strategic Review of Poste Italiane's Offer
Appointment of Financial Advisers
MILAN, April 13 (Reuters) - Telecom Italia (TIM) has named Goldman Sachs and Evercore as advisers to assist in the review of state-backed conglomerate Poste Italiane's cash-and-share offer to take the phone group private, the company said on Monday, confirming an earlier Reuters report.
Legal Advisory and Bid Examination
In a statement, Telecom Italia said it has picked law firms Bonelli Erede and Gatti Pavesi Bianchi Ludovici to examine Poste Italiane's bid.
Details of the Poste Italiane Bid
Two sources told Reuters earlier in the day that the company had picked Goldman Sachs and Evercore as advisers on the a 10.8 billion euro bid https://www.reuters.com/business/italys-poste-moves-expand-activities-with-telecom-italia-bid-2026-03-23/ from Poste last month to take TIM private and create a national digital champion, strengthening state control of assets that handle critical household and corporate data.
Implications for Digital Services and Assets
The deal would give Poste control of TIM's data-centre network and its cybersecurity unit Telsy, expanding Poste's role in digital services for consumers, large companies, and government bodies.
Board Assessment and Shareholder Impact
TIM's board met on Monday to appoint advisers to assess whether Poste's bid adequately reflects the company's value, the people said.
Poste's Forecasted Benefits
Poste, which offers logistics, financial, payments, broadband and insurance services, has forecast 700 million euros in yearly benefits in earnings from the combination.
Shareholding Structure and Recent Changes
It is TIM's leading investor with 27% of its ordinary share capital. That holding is set to fall close to 20% after TIM converts some special shares it has outstanding into ordinary stock in May.
Acquisition of Stake from Vivendi
The financial conglomerate amassed the stake last year, buying most of its holding from France's Vivendi.
(Reporting by Elvira Pollina, additional reporting by Gursimran Kaur, editing by Gavin Jones and Nick Zieminski)
