Poste Italiane sees opportunities in reuniting with the former state-owned telecommunications business: “The creation of an integrated group strategic pillar for the national economy, Italy’s largest connected infrastructure with leading positions in financial and insurance services,” it said in a news release.
The company is looking to build some complementary services. “The transaction aims to scale and enhance Poste Italiane’s platform by adding three significant assets: a nationwide fixed and mobile network, a leading position in the country’s cloud and data center infrastructure and the ability to offer secure and seamless connectivity to all stakeholders,” it said.
Poste Italiane was already the largest stakeholder in TIM and, as the government is the largest stakeholder in Poste Italiane, we’re getting back to the status quo of the 1980s. There is no sign, however, of other European governments following suit.
