(Alliance News) - The conversion of savings shares into ordinary shares marks a new strategic phase for TIM, as reported by Il Messaggero on Wednesday.
On Monday the 19th, the board of directors will meet to update the internal board committees following recent changes and, with an induction session, begin work on the new 2026-2029 industrial plan, which will replace the annual update of the current 2025-2028 plan.
According to the newspaper, the business plan, expected in mid-March after board approval, will signal industrial integration with Poste Italiane, which, following the conversion, will see its stake in TIM fall from 27.32% to around 19.6% of the company's capital.
Initial estimates indicate potential synergies between EUR1 billion and EUR1.2 billion. The plan's revision, driven by CEO Pietro Labriola, takes into account the impact of the conversion on the capital structure, which will become more flexible in terms of reserves, cash commitment, and remuneration.
The return to dividends, considered likely, remains tied to developments regarding Sparkle, which is in the process of being sold to the Retelit (Asterion) and MEF consortium.
On the industrial front, Il Messaggero continues, the most concrete step is the migration of PosteMobile to the TIM network: the virtual operator will leave Vodafone and complete the SIM migration by the first half of 2026, with no changes for customers. The move will reduce PosteMobile's costs, increase TIM's wholesale volumes, and open the door to the development of joint offers in mobile, digital services, and public administration.
In addition, further synergies are being studied between telecoms, payments, and energy, starting with a possible joint venture in cloud, AI, and digital services for companies and public administration, in line with the National Strategic Hub and European regulations.
Among the commercial levers is also the use of Poste's network of around 13,000 post offices.
By Claudia Cavaliere, Alliance News reporter
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