Swisscom takes a further step in the acquisition of Vodafone Italia. After assessing the impact of the operation on competition in the transalpine market for audiovisual media services, the Italian communications regulatory authority (Autorità per le Garanzie nelle Comunicazioni, AGCOM) gave the green light to the transaction, without expressing the slightest reservation.
Following the announcement of the acquisition of Vodafone Italia on March 15, Swisscom notified the operation on September 17 to AGCOM, which approved it on November 6, the Swiss telecoms number one said on Wednesday. . The takeover of the Italian subsidiary of the British giant Vodafone for some 8 billion francs must still receive the approval of the Italian competition watchdog (Autorità Garante della Concorrenza e del Mercato, AGCM), the latter having opened an in-depth investigation, as well as well as the Ministry of Business and Made in Italy.
The acquisition of Vodafone Italia has already received the green light from the European Commission, the Presidency of the Council of Ministers in Italy (Golden Power legislation) as well as the Swiss Competition Commission (COMCO). Swisscom expects to close the transaction in the first quarter of 2025.
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