Poste Italiane will not raise Telecom Italia bid price
Poste Italiane General Manager Giuseppe Lasco confirmed the company has no plans to increase its 11 billion euro bid for Telecom Italia. The group aims to take the telecommunications firm private to establish a national digital champion.
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POSTE ITALIANE SPA will not increase its €11 billion ($12.8 billion) offer to acquire the remaining shares of Telecom Italia. The company launched the bid in March to take the telecommunications operator private. Maintaining the current price tests investor appetite for creating a national digital champion in Italy.
