Swisscom PR - Swisscom submits formal notification to the Italian Competition Authority

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Press release 13/08/2024
Following the announcement of the acquisition of Vodafone Italia on 15 March 2024, Swisscom informs that it formally notified the Italian Competition Authority (Autorità Garante della Concorrenza e del Mercato) of the transaction on 12 August 2024. The notification occurs in the context of the work underway to secure the regulatory approvals needed to finalise the transaction.

Overall, completion of the Vodafone Italia transaction is on track. Swisscom secured the financing for the purchase price of EUR 8 billion in May and has received unconditional approval from both the Presidency of the Council of Ministers in Italy (Golden Power legislation) and the Swiss Competition Commission. The transaction is still subject to other regulatory approvals. Swisscom confirms that closing is expected in Q1 2025.

Swisscom Media Relations

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