Swisscom confirms talks to buy Vodafone's Italian unit for 8B euros [Yahoo! Finance]
SWISSCOM AG S/ADR (SCMWY)
NASDAQ:AMEX Investor Relations:
swisscom.ch/en/about/investors.html
Company Research
Source: Yahoo! Finance
The Swiss company, which is majority owned by the Swiss government, said in a statement it's in “advanced exclusive negotiations” to buy all of Vodafone Italia and merge it with Swisscom's Italian subsidiary, Fastweb. Swisscom says it expects the purchase, if concluded, would add value and cash flow to the Swiss company and help improve its dividend policy. The Swiss telecoms operator says the deal would bring lower costs and pave the way for synergies, and comply with aims of the Swiss executive branch, the Federal Council.
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