Finance
Swisscom Vodafone Italia purchase cleared by Italian authorities
Published by Global Banking & Finance Review®
Posted on December 21, 2024
1 min readLast updated: January 27, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on December 21, 2024
1 min readLast updated: January 27, 2026
Swisscom's 8 billion euro acquisition of Vodafone Italia has been approved by Italian authorities, setting the stage for a major telecom merger in Italy.
ZURICH (Reuters) - Swisscom's planned acquisition of Vodafone Italia has been cleared by Italy's competition watchdog and its industry ministry, the Swiss telecoms group said.
The 8 billion euro ($8.34 billion) deal was approved by both the Italian Competition Authority (Autorità Garante della Concorrenza e del Mercato) and the Ministry of Enterprises and Made in Italy (MIMIT), the Swiss firm said.
"This paves the way to the creation of a leading converged challenger in Italy, as all competent authorities approved the transaction," Swisscom said in a statement.
Swisscom said it expects the transaction to complete in the first quarter of 2025.
Reuters had previously reported that the Italian antitrust body was preparing to greenlight the purchase.
($1 = 0.9589 euros)
(Writing by Dave Graham)
The main topic is Swisscom's acquisition of Vodafone Italia and its approval by Italian authorities.
The acquisition was approved by the Italian Competition Authority and the Ministry of Enterprises and Made in Italy.
The transaction is expected to complete in the first quarter of 2025.
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