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(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…
(Bloomberg) -- Swisscom AG is in advanced talks to buy Vodafone Group Plc’s Italian business for €8 billion ($8.7 billion) on a cash and debt-free basis after fending off competition from rivals including French billionaire Xavier Niel. Most Read from BloombergApple to Wind Down Electric Car Effort After Decadelong OdysseyHow Much Wealth You Need to Join the Richest 1% Around the WorldOffice Tower Deal for $1 Reveals Anxiety Among Longtime BuyersA Spike in Heart Disease Deaths Since Covid Is Puz
(Bloomberg) -- Swisscom AG is in advanced talks to buy Vodafone Group Plc’s Italian business for €8 billion ($8.7 billion) on a cash and debt-free basis after fending off competition from rivals including French billionaire Xavier Niel. Most Read from BloombergApple to Wind Down Electric Car Effort After Decadelong OdysseyHow Much Wealth You Need to Join the Richest 1% Around the WorldOffice Tower Deal for $1 Reveals Anxiety Among Longtime BuyersA Spike in Heart Disease Deaths Since Covid Is Puz
Stocks in London are expected to open lower on Thursday, in line with equity markets in Asia and New York. Optimism about US and UK interest rate cuts next year appeared to have vanish suddenly...
Swiss telecommunications firm Swisscom has been mulling over an offer for Vodafone's Italian operations early next year, according to Bloomberg, potentially countering a rival bid from Iliad SA.