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Vodafone climbs as Swisscom eyes Italian operation – report

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Vodafone climbs as Swisscom eyes Italian operation – report By Proactive Investors

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Published Dec 21, 2023 09:12
Updated Dec 21, 2023 09:40

Vodafone climbs as Swisscom eyes Italian operation – report

Proactive Investors – Vodafone Group PLC (LON:VOD) is the top riser in the FTSE 100 after more speculation as to the fate of its Italian operations.

Swisscom is the latest group eyeing a move for the telco’s Italian business, according to Bloomberg.

The report said Swisscom (SIX:SCMN) is weighing an offer early next year, potentially countering a rival bid from Iliad for the unit.

The possible deal would combine Vodafone’s mobile service with Swisscom’s Fastweb SpA fiber broadband carrier in the country.

On Monday, Vodafone confirmed it was exploring options with regard to Vodafone Italia.

The statement came after Paris-based telco Iliad confirmed it had proposed a merger of the two companies’ Italian businesses, valuing Vodafone’s operation at €10.45 billion.

Read more on Proactive Investors UK

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Vodafone climbs as Swisscom eyes Italian operation – report

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