Tim: first meeting with Poste Italiane’s senior management; the company will remain independent with or without delisting

Labriola wrote this to staff following the first meeting with Del Fante on the merger. “It’s a great industrial opportunity.”

(Il Sole 24 Ore Radiocor) - “Regardless of the future listing structure, TIM will remain a company expected to operate autonomously, with its own industrial, managerial and economic responsibilities.” This is one of the messages that Pietro Labriola, CEO of TIM, sent, according to Radiocor, to staff following the first meeting, held yesterday, with the senior management of Poste Italiane, which focused on the integration programme between the two companies following the takeover bid by the group led by Matteo Del Fante for the telecoms firm. On that occasion, Del Fante emphasised that the financial phase of the transaction had been completed and that, therefore, as Labriola writes to staff, “the business plan is now beginning. A plan that brings together complementary expertise, infrastructure and capabilities to create value and achieve the economic and financial results already announced to the market”.

The meeting was attended by senior management from Poste Italiane and representatives from both organisations selected to represent the various areas of work. “We have before us,” added TIM’s Chief Executive Labriola, addressing his colleagues, “a great industrial opportunity. It is up to all of us to turn it into value.”