Published by Global Banking & Finance Review®
Posted on January 2, 2025
1 min readLast updated: January 27, 2026
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Swisscom finalizes Vodafone Italia acquisition, merging with Fastweb, and revises earnings outlook due to expected costs.
(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)
The article discusses Swisscom's acquisition of Vodafone Italia and the subsequent revision of its earnings outlook.
Swisscom revised its earnings outlook due to costs associated with the Vodafone Italia acquisition.
Swisscom expects costs up to 200 million euros to be recognized in its 2024 financial results.
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