Fastweb exploring deal for Vodafone’s Italian operations - report.
Italian telecom operator Fastweb is reportedly exploring a potential deal for Vodafone’s local operations.
Swisscom Ag
17 May 2024 12:05:06
Source: Sharecast
Bloomberg cited people with knowledge of the matter as saying that Fastweb - which is owned by Swisscom - is among suitors that have been studying a potential combination with Vodafone Italy.
Vodafone has also continued to hold on-and-off discussions in recent months with French billionaire Xavier Niel’s Iliad SA about a potential merger of their Italian businesses, according to Bloomberg sources, though there is no certainty that Vodafone will decide to proceed with any transaction.
Vodafone rejected an €11.25bn bid for its Italian unit from an Iliad-backed consortium last year, saying the offer wasn’t in shareholders’ best interests.
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