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Swisscom’s Vodafone Italia acquisition cleared by Italian communications authority
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(Reuters) – Swisscom’s acquisition of Vodafone Italia was cleared by Italy’s communications authority AGCOM, the Swiss telecoms group said on Wednesday.
(Reuters) – Swisscom’s acquisition of Vodafone Italia was cleared by Italy’s communications authority AGCOM, the Swiss telecoms group said on Wednesday.
The 8 billion euro ($8.48 billion) acquisition is still subject to two other regulatory approvals, including that of the Italian antitrust authority AGCM, Swisscom said.
The AGCM, whose approval is required to complete the deal, in September opened an in-depth review of Swisscom’s buyout of Vodafone Italia, which would be merged with Fastweb.
($1 = 0.9435 euros)
(Reporting by Marleen Kaesebier, Editing by Miranda Murray)
An acquisition is a corporate action in which one company purchases most or all of another company's shares to gain control. This can lead to mergers or consolidations in the business landscape.
A telecommunications company provides services related to communication over distances, including telephone, internet, and television services. These companies play a crucial role in connecting people and businesses.
Corporate strategy refers to the overarching plan and direction a company takes to achieve its goals and objectives. It includes decisions on mergers, acquisitions, resource allocation, and market positioning.
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