Poste CEO Says Telecom Italia Is ‘Perfect Fit’ for Digital Hub

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Poste Italiane SpA decided to buy full ownership of Telecom Italia SpA to capture all the potential benefits of working with the former phone monopoly, Chief Executive Officer Matteo Del Fante said. A 27% investment in the ordinary shares of Telecom Italia has appreciated by €1.5 billion ($1.77 billion) in the past year, Del Fante said Tuesday in an interview with Bloomberg Television. A union will provide cost savings and revenue opportunities, along with the freedom to act quickly, he added.