Poste Aims to Raise Telecom Italia Stake to Nearly 25%
Italy's state-run postal service is planning to raise its stake in Telecom Italia SpA to nearly 25% in a bid to become the phone carrier's largest investor, replacing French conglomerate Vivendi SE, according to people familiar with the matter.
Poste Italiane SpA, which currently owns about 10% of Telecom Italia, aims to buy an additional holding of as much as 15% from Vivendi, the people said. Vivendi may retain a small stake in Telecom Italia after any deal, according to the people, who asked not to be identified as the matter is private.
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