Editorial & Advertiser disclosure

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Home > Finance > Swisscom revises down earnings outlook after Vodafone Italia acquisition complete

Finance

Swisscom revises down earnings outlook after Vodafone Italia acquisition complete

Published by Global Banking and Finance Review

Posted on January 2, 2025

Featured image for article about Finance

(Reuters) - Swisscom said on Thursday that it has completed its acquisition of competitor Vodafone Italia, which it will now begin merging with its Italian business Fastweb.

The Swiss company said costs in the amount of up to 200 million euros ($207.20 million) would be recognised in its 2024 financial results due to the closing this year and revised down its full-year earnings outlook.

The company now expects earnings before interest, taxes, depreciation, and amortization (EBITDA) of 4.3 to 4.4 billion Swiss francs, down from 4.5-4.6 billion francs previously guided for.

($1 = 0.9653 euros)

(Reporting by Marleen Kaesebier in Gdansk, Editing by Miranda Murray)

More from Finance

Explore more articles in the Finance category

Zara turns to AI to generate fashion imagery using real-life models

BNP Paribas in exclusive talks to buy Mercedes-Benz's car-leasing unit in $1.2 billion deal

Exclusive-Lufthansa projects 6% long-haul flight growth in 2026 as pursues turnaround

Bank of England cuts rates in tight vote, sterling rises

Russia says commission on Ukraine war damages has no legal force for Moscow

Russia's central bank says it will sue European banks in Russian court over frozen assets

Bank of England cuts rates after tight vote but signals caution about further moves

Lucasfilm wins bid to throw out UK lawsuit over 'resurrection' of 'Star Wars' character

Volkswagen pushing ahead with German cost-cutting, brand boss says

New Czech government looking at several CEZ buyout options, minister says

Germany launches 30 billion euro fund to mobilise private investment

Rheinmetall, ICEYE partner on $2 billion German army order for space sector

View All Finance Posts