March 15 (Reuters) – Swisscom said on Friday it will buy Vodafone Italia for 8 billion euros ($8.70 billion)to merge the business with its Italian subsidiary Fastweb.
The deal will create Italy’s second-biggest fixed-line broadband operator behind TIM , with a strong presence in the prized business segment, and a leading player in mobile.
The transaction consideration will be 100% cash and will be fully debt-financed, Swisscom said.
“Vodafone Italia and Fastweb will bring together complementary high-quality mobile and fixed infrastructures, competencies, and capabilities to create a leading converged challenger in a market with material growth opportunities,” Swisscom said in a statement.
The deal is expected to be closed in the first quarter of 2025, and will not require a shareholder vote, the company added.
($1 = 0.9194 euros)
Morning Briefing
Mobiles found in cells of two prisoners serving life sentences
Police are investigating after mobile phones were discovered in the cells of Robert Agius, known as ...
Truck drivers in Sicily halted their vehicles at ports and company yards to protest soaring fuel costs, part of a wave of demonstrations that also disrupted traffic in Calabria, Basilica...
Morning Briefing
Mobiles found in cells of two prisoners serving life sentences
Police are investigating after mobile phones were discovered in the cells of Robert Agius, known as ...
Updated 1140
Abela Pushes for Strong EU Funding as Leaders Tackle Budget and Energy Costs: Prime Minister Robert Abela joined European leaders in Brussels for a two-day European Counc...
The European Commission has unveiled an ambitious package of tax reforms aimed at simplifying tax rules across the European Union, reducing compliance burdens for businesses and strength...
The European Union's new Migration and Asylum Pact enters into force on 12 June, ushering in the most significant reform of the bloc's migration framework in years and placing renewed em...
Fast-food chain KFC signed Coca-Cola as its beverage partner for US stores, bringing to a close a relationship with PepsiCo that dates back about four decades.
The loss of the beverag...
When the oil supertanker Esteem Explorer sails from the United States to Japan in late November, loaded with about 2 million barrels of crude, the journey will cost $81 million. The sam...
What began last year as a blood donation initiative involving six companies is expanding into a broader corporate effort, with three additional companies joining this...
Artificial intelligence is rapidly moving up the boardroom agenda, raising an important question for non-executive directors: are boards equipped to oversee the transformation AI is brin...
GO has partnered with workforce management platform Talexio to introduce human resources and payroll tools into its Business Plus proposition, marking a further step in the telecoms grou...
GO plc, has released the Q2 2026 edition of GO Trends, its data intelligence report on how international visitors move around the Maltese islands. Building on the full-year 2025 report p...
Fears of renewed escalation gripped the Middle East on Wednesday after the United States and Iran exchanged their biggest barrage since July, with Washington striking Iran's southern co...
President Donald Trump announced late Saturday that he had called off planned U.S. strikes on Iran, saying renewed negotiations had raised hopes of easing the conflict and reopening ship...
At least 32 people have been killed and more than 700 injured after two powerful earthquakes — measuring 7.2 and 7.5 — struck central Venezuela seconds apart, causing widespread destruct...
Thousands of Cuban security personnel have begun leaving Caracas after nearly two decades in Venezuela, as Washington ramps up efforts to dismantle the long standing alliance between the...
Ukraine said Thursday it struck a Russian oil refinery and damaged six Russian warplanes at an airfield, resuming attacks on Russian energy infrastructure after President Volodymyr Zelen...
Ukrainian drones hit Russia's biggest data centre, owned by the country's largest bank and technology company, Sberbank, but did not disrupt its operations, a senior company executive ...
