Vodafone in talks to sell Italian business to Swisscom [FT.com - Mergermarket]
SWISSCOM AG S/ADR (SCMWY)
NASDAQ:AMEX Investor Relations:
swisscom.ch/en/about/investors.html
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Source: FT.com - Mergermarket
Yasemin Craggs MersinogluJump to comments sectionUnlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Vodafone said it was in talks to sell its Italian arm to Swisscom in a deal that would value the business at €8bn.The London-listed telecoms group said on Wednesday that a sale to Swisscom would deliver “the best combination of value creation, upfront cash proceeds and transaction certainty for Vodafone shareholders”.The disclosure of the negotiations with Swisscom comes weeks after Vodafonerejected an offerIn a separate statement,A disposal of the Italian business would be the first major step byThe deal would value the Italian business at €8bn on an enterprise basis and that Swisscom would pay cash.
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