Poste Italiane Completes Takeover of Telecom Italia, Gains Control of TIM Brasil

Poste Italiane, Italy's state-owned postal and financial services group, has completed a voluntary public exchange offer, acquiring approximately 66.6% of Telecom Italia's share capital and becoming its indirect controlling shareholder. This gives Poste Italiane control of TIM Brasil, the Brazilian telecom operator. The move consolidates state control over Italy's former telecom monopoly and may signal strategic shifts in TIM's operations, including its Brazilian unit.