Swisscom Completes Buy of Vodafone's Italian Operations
Swisscom completed its acquisition of Vodafone’s Italian operations in an $8.71 billion deal, announced last year (see 2403150022). Swisscom will combine Vodafone Italia with Fastweb, its Italian network provider (see 2402280045). “Fastweb and Vodafone Italia bring together complementary high-quality mobile…
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and fixed infrastructures, competencies, and capabilities to create a leading converged challenger in Italy,” Swisscom said last week: The deal “is a key step for Swisscom to achieve its strategic objective of profitable growth in Italy.”