Swisscom: agreements for the acquisition of Vodafone Italia
The aim is to merge the company with Fastweb, Swisscom's Italian subsidiary.
The transaction is financed by a loan and will be settled entirely in cash.
The transaction is a crucial step towards achieving Swisscom's strategic objective of profitable growth in Italy', says the Group.
' We are convinced by the industrial logic of this merger. Fastweb and Vodafone Italia ideally complement each other with a view to generating high added value for all stakeholders. Private and business customers alike will benefit from the most comprehensive offering. Swisscom will also benefit as a whole, enabling it to maintain significant investments in Switzerland and Italy," said Christoph Aeschlimann, CEO of Swisscom.
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