Vodafone boss says Italian review of Swisscom deal should allow for ‘faster’ completion
By Andrew Boyce ( March 15, 2024, 14:19 GMT | Insight) -- Vodafone’s plan to sell its Italian business to Fastweb-owner Swisscom should face a “faster” path to approval as it needs merger approval only from the Italian competition authority, its chief executive said today. Margherita Della Valle said Vodafone considered several options, but chose Swisscom partly because the offer provided a high degree of “transaction certainty.” Vodafone and Fastweb, Italy’s third and fifth largest mobile network operators respectively, both also own fixed-line businesses.Vodafone’s plan to sell its Italian business to Fastweb-owner Swisscom should face a “faster” path to approval as it needs merger approval only from the Italian competition authority, its chief executive said today....
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