Vodafone in talks to sell Italian arm to rival for £6.8bn [Yahoo! Finance]
SWISSCOM AG S/ADR (SCMWY)
NASDAQ:AMEX Investor Relations:
swisscom.ch/en/about/investors.html
Company Research
Source: Yahoo! Finance
Any deal to offload the business could raise €8bn (£6.8bn) in funds for the UK telecoms giant, as it battles to slim down its global operations. In a statement on Tuesday, the company said: “Vodafone has engaged extensively with several parties to explore market consolidation in Italy and believes this potential transaction delivers the best combination of value creation, upfront cash proceeds and transaction certainty for Vodafone shareholders.” It cautioned that the deal was subject to binding documents and there was no certainty it would ultimately be agreed. Shares rose almost 4pc in early trading. It comes after Vodafone last month rebuffed a bid from Iliad Group , the empire controlled by telecoms tycoon Xavier Niel. That offer would have valued the Italian business at €10.5bn but it consisted of only €6.6bn of cash upfront. Vodafone would have retained half the share capital of the combined entity. The proposed deal with Swisscom is less likely to attract scrutiny
Show less
Read more
Impact Snapshot
Event Time:
SCMWY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
SCMWY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
SCMWY alerts
High impacting SWISSCOM AG S/ADR news events
Weekly update
A roundup of the hottest topics
SCMWY
News
- Net income up, revenues down in first quarter for Swisscom [Yahoo! Finance]Yahoo! Finance
- Here's What To Make Of Swisscom's (VTX:SCMN) Decelerating Rates Of Return [Yahoo! Finance]Yahoo! Finance
- Legitify Partners with Scrive to Offer Electronic Notarisation Services [Yahoo! Finance]Yahoo! Finance
- Swisscom Accelerates Sustainability and Innovation with Genesys Cloud [Yahoo! Finance]Yahoo! Finance
- Swisscom: Vodafone Italy Acquisition Makes Sense [Seeking Alpha]Seeking Alpha