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RTRS: VOD Likely To Take Minority Stake In Any Merger With Fastweb

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  • Three sources report VOD is likely to take a minority stake in a merger with Swisscom's Fastweb in Italy if a deal is reached, with Vodafone Italy debt off the VOD balance sheet.
  • Credit spreads muted – this isn’t a huge surprise given the "active discussions" comment after the Iliad announcement.

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