Poste and Tim, the revenge of the letters on mobile phones: so in 10 years the « weight » (and fate) of the companies has overturned

Create value and explain it to the financial markets. Matteo del Fante in the hours when the operation closed To go up to 24.8% of TIM’s capital, Making the first shareholder of the telephone group, he asked his to verify the current capitalization of the two companies and to compare it with that of eight years ago. The data says a lot: In March 2017 Tim was worth 19.5 billion euros on the stock exchange while possessing just under 8.2 billion, today those values ​​are overturned and is the group led by Del Fante to be worth about three times TIM, that is 21.8 billion against 7.15 billion.

« Important operation »

«This operation is very important for Poste Italiane. At the end of an eight -year path during which we relaunched the packages, telephony, payments, light contracts, gas contracts, allowing Italians – explained Del Fante – to have more services from our company and also making our shareholders earnwhich started from a company’s value of 8 billion and reached 27 billion (also calculating the dividends, editor’s note) »

The trend on the stock exchange

The stock exchange prices and the coupons are, therefore, the business card to give solidity to an operation archived without paying a premium to the French of Vivendi for 15% of TIM, which adds up at the share of 9.8%, already bought in recent weeks from CDP. Total, in fact, the majority participation in the telephone group, compared to a disbursement of around 850 million euros. A digestible bite given that, for example, in the autumn of 2022 Poste carried out an acquisition of similar dimensions, paying 700 million to detect the control of Lis Holding (active company in payments) from De Agostini.

Who is the CEO

The mental dress of Del Fante is the synthesis of its professional history: first banker in JP Morgan and after banker in Cassa Depositi e Prestiti. With these characteristics he played the role of CEO of Poste for almost three mandates, trying to make the company profitable (2024 recorded 2 billion of net profit) and at the same time putting it at the service of the country system (among others the Polis project in 7 thousand municipalities or the free activation of the SPID).

The TIM operation

The game on Tim will have to reflect this mechanism and the choice to get involved moves from two still stitches. A purchase at a good price and the immediate synergies with the TLC group which, starting from 2026, will be the provider of 4.5 million PosteMobile customers, replacing the current Vodafone provider. But above all, the move of offering TIM services to the millions of customers who enter almost 13 thousand post offices will make the difference.

The prospects

Del Fante knows the numbers and the dynamics of the light and gas offer by the post office, which without particular promotions closed 2024 with almost 80 million revenues and aims to record a million contracts by the end of 2025. A development and force of the network that translate into the ability to sign five times the number of daily contracts subscribed, for example, from Wind which in turn offers light and gas services thanks to an agreement with ACEA.

The team

To assist the infantryman in the management of the Tim dossier will be the general manager of Poste, Giuseppe Lasco, starting from the governance theme and the choice of the figures to be included in the Board of Tim. A question at the moment to be defined as CDP with its 9.8% expressed a councilor so far while the French had not representatives, although in the past they also indicated the CEO. But now that share of 24.8% is preparing to take the guide.