November 13, 2024 08:38 GMT
COMMUNICATIONS: Italian Comms Authority Approves Swisscom Deal; Not A Mover
COMMUNICATIONS
SCMNVX
Focus remains on the similarily-named AGCM (Italian CMA) investigation.
- Italian communications regulator AGCOM cleared Swisscom's EUR 8bn acquisition of Vodafone Italia.
- The acquisition remains subject to two additional approvals, including from AGCM the Italian Competition Authority, which is conducting a Phase II investigation.
- Swisscom has already received unconditional approvals from Italy's Presidency of the Council of Ministers, the Swiss Competition Commission, and the EU Commission.
- They reaffirmed the anticipated closing in Q125, staying on track with its original timeline.
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