Vodafone Divests Italian Unit Swisscom in €8bn Deal

The strategic sale includes a €4bn shareholder buyback and aims to streamline European operations for growth.

Vodafone sells its Italian business to Swisscom for €8bn, marking the final step in its European operations overhaul.
The deal includes a €4bn share buyback for Vodafone shareholders and a continuation of certain services to Swisscom for up to five years.
Swisscom plans to merge Vodafone Italia with its subsidiary Fastweb, aiming for significant savings and improved services.
The sale is part of Vodafone's strategy to focus on profitable markets and is subject to regulatory and shareholder approval.
Vodafone CEO Margherita Della Valle highlights the move as a strategic step towards predictable, stronger growth in Europe.