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Telecom Italia (TIM) ​has named Goldman ‌Sachs and Evercore as ​advisers to ​assist in the ⁠review of ​state-backed conglomerate ​Poste Italiane's cash-and-share offer to take ​the ​phone group private, two ‌sources ⁠familiar with the matter said.

Poste Italiane has asked ‌the board of Telecom Italia (TIM) for a meeting where Chief Executive Matteo Del Fante could present the postal services group's 10.8 billion euro ($12 billion) cash-and-share bid for the ​former phone monopoly, two sources close to the matter said on ​Saturday.

Poste Italiane said the transaction is aimed at creating a single group that would integrate two of Italy's largest industrial companies

Italian majority-state-owned national postal service Poste Italiane said ​on Sunday it was launching ‌a cash and share offer to buy former phone monopoly Telecom Italia (TIM) for ​10.8 billion euros ($12.5 billion).

Telecom Italia S.P.A. (OTCMKTS:TIIAY - Get Free Report) has received a consensus rating of "Moderate Buy" from the six ratings firms that are presently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating, one has assigned a buy rating and two have assigned a strong buy rating