Swisscom receives greenlight for acquisition of Vodafone Italia

The takeover of Vodafone Italia by Swisscom is nearing completion. All relevant authorities have now approved the €8 billion (CHF7.45 billion) deal. The takeover has been approved by both the Italian Competition Authority (Autorità Garante della Concorrenza e del Mercato) and the Italian Ministry of Enterprise and Made in Italy (Ministero delle Imprese e del Made in Italy), or MIMIT for short, Swisscom announced on Friday evening. “This paves the way for the emergence of a leading convergent provider in Italy, now that all the relevant authorities have approved the transaction,” said Swisscom. Behavioral commitments accepted The Italian competition authority approved the transaction on December 20 and accepted the commitments submitted by Swisscom, it added. Swisscom agrees to continue to offer wholesale services to interested operators in accordance with Fastweb's current practice and to disclose information in the context of tenders for fixed telephony and connectivity conducted ...