Telecom Italia

Poste Italiane's shareholding position is drawing attention following the OPS, the public tender offer, on Telecom Italia. Italian finance site SoldiOnline reports on how the state-backed postal group's capital and stake structure changed as a result of the offer, and investors are watching what the move means for both companies going forward.

Italian brokerage Equita has cut its rating on Telecom Italia (TIM) to Hold following the completion of the OPAS, the takeover offer for the company's shares. The move reflects the view that the share price now fairly reflects the offer outcome, ending a period in which investors positioned around the bid.