Investing.com -- Italy’s state-run postal service, Poste Italiane SpA (BIT: PST ), is planning to increase its stake in Telecom Italia (BIT: TLIT ) SpA from 10% to nearly 25%, Bloomberg reported on Friday.

The postal service is reportedly planning to purchase an additional holding of up to 15% from Vivendi (OTC: VIVHY ).

Following the deal, Vivendi may still retain a small stake in Telecom Italia, the report added.

This strategic move aligns with the Italian government’s push to establish a "national champion" within the telecommunications industry, the report said, adding that the government’s initiative aims to strengthen the domestic telecom sector by fostering a leading player that can compete effectively on a global scale.

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