Deals
Swisscom Gets Clearance From Authorities to Buy Vodafone Italia
A Vodafone Group Plc mobile phone store in Milan, Italy.
Photographer: Francesca Volpi/BloombergThis article is for subscribers only.
Swisscom AG has received clearance to acquire Vodafone Italia from both the Italian competition regulator and Industry Ministry.
Vodafone Group Plc in March struck an €8 billion ($8.3 billion) deal to sell its Italian business to Swisscom, setting the stage for a shake-up of the fiercely competitive Italian market. Under the deal, Swisscom will merge Vodafone Italia with its Fastweb SpA subsidiary.