Swisscom Acquires Vodafone's Italy Business for 8 Billion Euros
By
Emilia Rossi
1 min read
⚠️ Heads up: this article is from our "experimental era" — a beautiful mess of enthusiasm ✨, caffeine ☕, and user-submitted chaos 🤹. We kept it because it’s part of our journey 🛤️ (and hey, everyone has awkward teenage years 😅).
Swiss telecommunication company, Swisscom, has acquired Vodafone's Italy business for 8 billion euros and will merge it with its own Fastweb. The acquisition will be funded entirely with debt. Vodafone chose Swisscom over a competing offer from French billionaire Xavier Niel due to the larger cash component. This acquisition marks a significant move in the telecommunication industry, consolidating the market and expanding Swisscom's presence in Italy.