Poste CEO says TIM Brasil is not strategic for the group
Poste Italiane CEO Matteo Del Fante said the Brazilian unit of Telecom Italia is not essential to the plan, hinting at a possible sale, according to Reuters.
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what happened
Poste Italiane does not regard the Brazilian business of Telecom Italia as strategic, chief executive Matteo Del Fante said on Tuesday, according to Reuters. The state-backed financial group owns 87% of Telecom Italia (TIM) and recently raised its stake through a buyout offer as part of a plan to build a national champion in digital services.
Del Fante said TIM Brasil is profitable but not essential to Poste's plan, which signals the company may consider selling it. He said it would be used tactically in the coming months, without giving details. A new business plan for the combined TIM-Poste entity is due in the first quarter of 2027.
why it matters
TIM holds about 68% of TIM Brasil, a unit that accounts for almost half of the group's core earnings. A possible exit from the asset matters to TIM investors, and its stake value of about 31.8 billion reais (5.30 billion euros) offers a reference point for any deal.
market impact
TIM shares: a possible sale of TIM Brasil could change the group's structure and earnings
tags
instruments
sources
- Poste CEO says TIM Brasil not strategic under Telecom Italia's new course — Reuters, 27 October 2026 at 16:20 UTC
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