Vodafone has agreed an $8 billion deal to sell its Italian business to Switzerland’s Swisscom. The mobile phone giant said it plans to hand €4 billion back to shareholders through a buyback following the sale. It comes two weeks after the telecoms firms first confirmed they were in discussions over a potential deal. On Friday, […]
(Reuters) -Swisscom said on Friday it will buy Vodafone Italia for 8 billion euros ($8.70 billion) and merge the business with its Italian subsidiary Fastweb. The deal will create Italy’s second-biggest fixed-line broadband operator behind TIM, with a strong presence in the prized business segment, and a leading player in mobile. The debt-financed deal will […]