Poste Italiane's TIM Bid to Add Value as it Strengthens Multiplatform Reach -- Market Talk

Dow Jones03-23

0805 GMT - Poste Italiane's $12.5 billion bid to buy Telecom Italia could boost value, while the publicly traded portion of its shares will jump to 15 billion euros, from around 10 billion euros currently, Berenberg analyst Michael Huttner says. Although the deal dilutes the EBIT contribution of Poste's insurance business to 33% from 48% last year, it reinforces its ability to cross-sell on multiple platforms, Huttner says. "We envisage over 20% upside to our price target," he says. This is supported by an attractive 2026 dividend yield of 6.1%, and expected sustainable dividend growth of more than 6% a year, Huttner says.(anthony.orunagoriainoff@dowjones.com)

(END) Dow Jones Newswires

March 23, 2026 04:05 ET (08:05 GMT)

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