Illiad Interested in TIM Consolidation

According to media reports, Iliad began assessing a potential consolidation with Italian incumbent TIM. The French group appointed consultancies and opened talks with the Italian government, which holds a stake in the operator.

Italian newspapers Corriere della Sera and La Stampa revealed details of Iliad’s interest, with the French telecoms group apparently appointing Boston Consulting Group and financial services company Lazard to head its inquiries. The consultancy is reportedly exploring options for a possible deal with Lazard said to be discussing the matter with Italy’s Ministry of Economy and Finance.

The Italian government holds just less than a 10% stake in TIM. Corriere della Sera reportedly also linked CVC Capital Partners to a move for TIM’s business services unit. In late 2024, the equity outfit was said to be in talks regarding a move for Vivendi’s 24% stake in TIM.