Published 1 month ago

Britain's Vodafone confirms sale of Italian arm to Swisscom for $8.7 billion

Vodafone Group Plc has agreed to sell its Italian business to Swisscom AG for €8 billion in cash.
Swisscom will merge Vodafone Italia with its Fastweb SpA Italy subsidiary. The deal is set to be completed in the first quarter of 2025.
Vodafone Group Plc will repurchase €4 billion in stock, aiming to streamline operations and increase its share price.

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The Guardian

Vodafone to sell Italian business to Swisscom for €8bn

UK telecoms group says some of proceeds will be returned to investors via share buybacksVodafone is selling its Italian business to Swisscom for €8bn (£6.8bn) cash and plans to return €4bn to shareholders.The telecoms company said it had reached an agreement to sell Vodafone Italy as part of wider plans to reshape its European operations and that some of the proceeds would be returned to investors via share buybacks. Continue reading...

1 month ago·London, United Kingdom

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The Independent

Vodafone agrees £6.8bn sale of Italian arm to Swisscom

It comes two weeks after the telecoms firms first confirmed they were in discussions over a potential deal.

1 month ago·London, United Kingdom

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Reuters

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1 month ago·United Kingdom

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Daily Mirror

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1 month ago·London, United Kingdom

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Associated Press News

Britain's Vodafone confirms sale of Italian arm to Swisscom for $8.7 billion

British cellphone company Vodafone confirmed Friday that it is selling its Italian business to Switzerland’s Swisscom for 8 billion euros ($8.7 billion) and will hand back half of the proceeds to its shareholders through the buyback of company shares.

1 month ago·United States

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