Swisscom sole bidder for Vodafone's Italian assets - report.


Swisscom has become the sole party still in discussions with Vodafone Group about its Italian assets, it was reported on Thursday.

Vodafone

Source: Sharecast

Vodafone recently rejected an offer from French telecoms group Iliad to combine their Italian operations in a 50:50 joint venture.

The deal would have created an operator worth around €14.7bn but Vodafone confirmed it was no longer in discussions with Iliad last month.

It said at the time that talks continued with others.

But on Thursday Reuters reported that Swisscom was now the only party in discussions.

Citing three anonymous sources, Reuters said the Swiss operator wanted to combine its Fastweb Italian business with Vodafone’s Italy assets.

A tie-up would create Italy’s second-largest fixed line broadband operator, with a strong position in the business services segment, Reuters noted.

Fastweb, which does not have a mobile network, has a 34% market share in the enterprise segment.

Both Vodafone and Swisscom decline to comment on the report.


N/A

ISIN: N/A
Exchange: N/A
Sell:
N/A
Buy:
N/A
Change:
Date:
Prices delayed by at least 15 minutes

Compare our accounts

If you're looking to grow your money over the longer term (5+ years), we have a range of investment choices to help.

Halifax is not responsible for the content and accuracy of the Markets News articles. We may not share the views of the author. Understand the risks, please remember the value of your investment can go down as well as up and you may not get back the full amount you invest. We don't provide advice so if you are in any doubt about buying and selling shares or making your own investment decisions we recommend you seek advice from a suitably qualified Financial Advisor. Past performance is not a guide to future performance.