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EU Commission clears Swisscom-Vodafone Italia deal

09/24/2024

Less than a minute

2024.09.24 03:15

GDANSK (Reuters) – The European Commission has approved an acquisition of Vodafone (NASDAQ:) Italia by Swisscom under the foreign subsidies regulation, the Swiss telecoms company said on Tuesday.

© Reuters. FILE PHOTO: The logo of Swiss telecoms group Swisscom is seen at an office building, in Zurich, Switzerland May 26, 2020. REUTERS/Arnd Wiegmann/File photo

The deal is still subject to other regulatory approvals, including that of the Italian competition authority, it added.

Swisscom expects the transaction to be completed in the first quarter of 2025.

09/24/2024

Less than a minute

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