Poste misses 90 percent threshold for Telecom Italia stock

Published on 10/12/2026 at 09:01 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Poste Italiane secured 86.95 percent after market purchases on October 2, 2026. Equita set a EUR 7.20 target for Telecom Italia stock.

Key points in brief

Poste Italiane secured 85.82 percent of Telecom Italia after the tender offer, below the 90.00 percent squeeze-out threshold.
The ownership shift leaves Telecom Italia listed while Poste takes operational control and holds 86.95 percent after market purchases.
Second-quarter revenue reached EUR 6.80 billion, up 2.00 percent year over year, while 2026 EBITDA after lease guidance remains 5.00-6.00 percent growth.
The next nine-month results are scheduled for November 4, 2026, according to cited market coverage.

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Poste Italiane had secured 85.82 percent of Telecom Italia by October 4, 2026, below the 90.00 percent threshold required for a direct squeeze-out, according to Stock-World. The outcome leaves the telecommunications group listed while placing operational control in the hands of its largest shareholder.

Three ownership milestones

On September 30, 2026, Poste Italiane held 85.823 percent of Telecom Italia's share capital after the reopened offer, while the 90.00 percent threshold remained out of reach, Börse Express reported on October 3, 2026.

On October 2, 2026, additional market purchases lifted Poste Italiane's stake by 1.10 percentage points to 86.95 percent, according to Stock-World. On October 4, 2026, the reserved capital increase for the exchange offer was completed, with participating shareholders receiving 0.218 Poste Italiane shares and EUR 1.97 in cash for each Telecom Italia share, the same report said.

What the ownership shift means

The immediate consequence is a listed company with a dominant shareholder rather than a rapid exit from the market. The remaining free float is smaller, while Poste Italiane now has greater influence over the operating relationship and future industrial planning.

Equita SIM cut Telecom Italia to Hold and set a EUR 7.20 price target, according to Stock-World. Separately, the average analyst target was reduced from EUR 7.43 to EUR 7.32, with 8 analysts contributing to the estimate and a Hold consensus across 10 analysts, TradingView reported on October 7, 2026.

Financial dates and operating figures

Telecom Italia reported EUR 6.80 billion of revenue in the second quarter of 2026, up 2.00 percent year over year. Management also targeted 5.00-6.00 percent growth in EBITDA after lease for 2026, according to the company's earnings-call transcript published by Yahoo Finance on October 3, 2026.

The next nine-month results are scheduled for November 4, 2026, according to Stock-World. A new strategic plan for 2027 was also cited by Börse Express on October 3, 2026.

Market value remains substantial

Telecom Italia had a market capitalization of EUR 11.8 billion as of October 9, 2026. Its 52-week range was EUR 4.66 to EUR 8.19 on the same date, placing the ownership dispute against a broad trading history rather than a single offer-related valuation.