Swisscom's Vodafone Italia Deal Approved by Italy's Competition Regulator, Government

Dow Jones

2024/12/23

By Najat Kantouar

Swisscom said that both Italy's competition watchdog and the Ministry of Enterprises and Made in Italy cleared its acquisition of Vodafone Italia.

The Switzerland communications group said late Friday that the deal was approved by all competent authorities, and is expected to be completed in the first quarter of 2025.

Italy's competition regulator in September opened an in-depth probe into Swisscom's $8.81 billion acquisition of Vodafone Italia to assess whether the deal complies with the country's antitrust rules.

Write to Najat Kantouar at najat.kantouar@wsj.com

(END) Dow Jones Newswires

December 23, 2024 01:21 ET (06:21 GMT)

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