Swisscom, active in Italy with Fastweb, is ready to buy Vodafone Italia for 8 billion euros after the Anglo-Saxon group recently rejected the proposed purchase of Iliad.
The Swiss telecommunications group has confirmed that it is in advanced exclusive negotiations with Vodafone for the cash acquisition of 100% of Vodafone Italia.
The goal is to merge the company with Fastweb.
"Although the full terms of the transaction have yet to be defined, Swisscom and Vodafone have agreed a preliminary purchase price for Vodafone Italia of 8 billion euros on a cash and debt free basis," it said in a statement.
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