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British telecoms giant Vodafone is in advanced talks to sell its Italian unit to Switzerland's Swisscom, agreeing on a preliminary price of eight billion euros ($8.7 billion), the companies said Wednesday.Swisscom said it would merge Vodafone Italy with its own Italian unit, Fastweb.
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(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
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