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Swisscom buys Vodafone Italia for 8 bn - Business

2024-03-15T10:16:26.238Z

Highlights: Swisscom buys Vodafone Italia for 8 bn. Swiss telecoms giant said it has entered into binding agreements. It said "the combination of complementary high-quality mobile and fixed-line infrastructure and the expertise and assets of Fastweb" will create a leading converged operator in Italy. ALL RIGHTS RESERVED © Copyright ANSA 2014. All rights reserved. For confidential support call the Samaritans on 08457 90 90 90, visit a local Samaritans branch or click here for details.

Swisscom said Friday it was buying Vodafone Italia from the Vodafone Group for eight billion euros. (HANDLE)

Swisscom said Friday it was buying Vodafone Italia from the Vodafone Group for eight billion euros.

The Swiss telecoms giant said it has entered into binding agreements with Vodafone Group Plc to "acquire 100 per cent of Vodafone Italia for EUR8 billion with the aim of integrating it with Fastweb, its subsidiary in Italy".

It said "the combination of complementary high-quality mobile and fixed-line infrastructure and the expertise and assets of Fastweb and Vodafone Italia will create a leading converged operator in Italy."

ALL RIGHTS RESERVED © Copyright ANSA

Source: ansa

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