Poste: ‘50 TIM sites to be rationalised in 2027–28, masts on our sites’

(Il Sole 24 Ore Radiocor) - Around 50 TIM sites could potentially be rationalised in 2027–28. This is one of the measures planned to achieve cost savings of 500 million euros from the integration of Poste Italiane with TIM. Still on the subject of property, the possibility of constructing towers on Poste Italiane sites has also been mentioned.

Among other measures, as outlined by Poste’s CEO, Matteo Del Fante, around one million TIM contracts and tenders due to expire in 2027 have been identified, and two IT contracts have been successfully renegotiated (resulting in cash savings of 25 million euros). Other planned measures include reducing financing costs through an improvement in Poste Italiane’s credit rating and the centralised management of liquidity and financing.

In total, the projected cost savings by 2028 amount to at least 500 million. A further 200 million in EBIT from incremental revenue is expected to be generated through various measures, such as, on the commercial front, the sale of TIM products via Poste Italiane’s distribution platform, as well as financial, insurance, digital and energy products for TIM customers.

Sim