Tim goes up, the market reasons about synergies with Poste in view of the new plan
According to rumours, the plan is expected to be presented to the market around mid-March and envisages synergies with the company led by Matteo Del Fante amounting to EUR 1-1.2 billion
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(Il Sole 24 Ore Radiocor)- Purchases on Telecom Italia which is among the best companies of the Ftse Mib, while the market reasons about possible synergies with Poste Italiane . An article in the Messaggero reports some rumours about Tim's new strategic plan for 2026-29, which is being finalised and is expected to arrive at the board of directors on 19 January for an initial discussion. According to the rumours, the plan should be presented to the market around mid-March (earlier than expected) and envisages synergies with Poste of €1-1.2 billion, which would come from the integration of Poste Mobile and the offer of a broad portfolio of services including telecommunications, payments and energy, as well as the development of cloud services to businesses and the public administration and the use of the network of 13,000 post offices as a Tim commercial channel.
Analysts at Equita note that "the figure quoted in the article, as well as the areas of synergies mentioned, seems reasonable, implying a benefit at the Ebitda level in the medium term in the order of 200 mln per year", substantially in line with estimates. "The implementation of cost and revenue synergies with Poste, as well as the possible consolidation in the domestic market, are the two main catalysts not yet expressed by the stock, after the excellent performance in 2025 and the execution of many of the objectives of the previous strategic plan," says Equita, which has a buy with target price at €0.59 on Tim.
Intermonte for its part recalls that during the meetings with investors in recent days, management has indicated that on 24 February, with the 2025 results, it could provide preliminary guidance on 2026, while the new business plan could be presented around June considering the various moving parts (conversion of savings shares, ongoing negotiations on the free renewal of the spectrum), while synergies with Poste have not yet been quantified. Intermonte has a buy with target price at EUR 0.68.
