September 12, 2024 06:37 GMT
Italian Regulator To Probe Vodafone Italy Deal
COMMUNICATIONS
Not a surprise given the nature of telco M&A and so not a spread mover. The market still broadly expects the deal to pass given the high degree of competition in the Italian market. Swisscom don’t seem to think that this will impact deal timing.
- The Italian Competition Authority has launched a Phase II investigation into Swisscom's EUR 8bn acquisition of Vodafone Italia.
- Swisscom secured financing in May 2024, maintains the deal is pro-competitive and has re-iterated its aim for deal completion in Q125.
- Unconditional approvals received from the Italian government and Swiss regulators.
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