Following the announcement of the acquisition of Vodafone Italia on 15 March 2024, Swisscom formally notified the Italian Competition Authority of the transaction on 12 August 2024.
The notification occurs in the context of the work underway to secure the regulatory approvals needed to finalise the takeover.
Overall, completion of the Vodafone Italia transaction is on track, according to the Swiss telco. Swisscom secured the financing for the purchase price of €8 billion in May and has received unconditional approval from both the Presidency of the Council of Ministers in Italy (Golden Power legislation) and the Swiss Competition Commission.
The transaction is still subject to other regulatory approvals. Swisscom confirms that closing is expected in Q1 2025.
