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

Find out more
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

media@swisscom.com
Tel. +41 58 221 98 04

31/07/2024
Walter Renna appointed by Swisscom as designated CEO of Newco that will result from merger of Fastweb and Vodafone Italia
31/07/2024
Fastweb announces first half 2024 results: continued growth driven by focus on quality, innovation and infrastructure
08/07/2024
Fastweb switches on NeXXt AI Factory, Italy's first NVIDIA DGX SuperPOD AI supercomputer, to pave the way for artificial intelligence in Italy
05/06/2024
Fastweb sells stake in FiberCop
23/05/2024
Fastweb accelerates Artificial Intelligence Innovation with AWS for the Italian B2B Market @AWS Summit 2024