January 2, 2025|
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|11 months agoSwisscom Expands European Presence with €8 Billion Vodafone Italia Acquisition
Swiss telecommunications giant completes major international expansion through earlier-than-expected acquisition of Vodafone's Italian operations, marking largest Swiss telecom foreign investment.
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Generated IllustrationKey Takeaways
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- Swisscom completed the acquisition of Vodafone Italia on December 31, 2024, earlier than the projected Q1 2025.
- The acquisition creates Italy's second-largest telecommunications provider, ranking just behind TIM.
- Swisscom lowered its 2024 EBITDA guidance to CHF 4.3-4.4 billion due to transaction costs booked in 2024.
- Existing consumer brands Fastweb, Vodafone, and Ho will be retained despite the corporate merger.
By The Numbers
€8 billion
Acquisition Cost
€600 million
Annual Synergies
€7.3 billion
Combined Turnover
CHF 22
Dividend Per Share
They Said
"The transaction was completed on December 31, 2024."
"The slightly earlier completion was made possible because Swisscom had already received all the necessary approvals from the Italian authorities by December 20."