Swisscom in Advanced Talks to Buy Vodafone Italia for Ȋ

Swisscom in Advanced Talks to Buy Vodafone Italia for €8 Billion

(Bloomberg) — Swisscom AG is in advanced exclusive talks to acquire Vodafone Group Plc’s Italian business after fending off competition from billionaire Xavier Niel.  The Swiss telecommunications company and Vodafone have agreed on a preliminary purchase price for Vodafone Italia of €8 billion ($8.7 billion) on a cash and debt-free basis, according to a statement…

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