Vodafone Nears £6.8bn Sale of Italian Business to Swisscom

The deal, aimed at streamlining Vodafone's operations, is in advanced talks and could significantly reshape the telecom landscape in Italy.

Vodafone is in exclusive discussions to sell its Italian arm to Swisscom for £6.8 billion, aiming to slim down its global operations.
The proposed transaction is seen as a strategic move to create value and ensure transaction certainty for Vodafone shareholders.
Swisscom plans to merge Vodafone Italia with its subsidiary Fastweb, aiming for cost efficiencies and synergies.
The deal is less likely to face regulatory scrutiny compared to a previous offer from Iliad, enhancing its appeal.
Vodafone's strategic divestitures, including the sale of its Spanish operations and a merger in the UK, reflect its broader effort to streamline and focus on key markets.