Swiss telecommunications supplier Swisscom introduced this week that the Italian Competitors Authority (AGCM) has opened an in-depth investigation into its deliberate takeover of Vodafone Italia. Swisscom added that the Vodafone Italia transaction stays on monitor to be accomplished within the first quarter of 2025.
Additionally Learn: Swisscom to Purchase Vodafone Italia for EUR 8 Billion
Part II Investigation Particulars
“The Italian Competitors Authority (Autorita Garante della Concorrenza e del Mercato) introduced on September 11, 2024, that it had opened an in-depth investigation (Part II) to evaluate the acquisition of Vodafone Italia by Swisscom underneath Italy’s merger management guidelines,” an announcement from Swisscom mentioned.
Within the assertion, Swisscom famous that “Part II opinions should not unusual within the telecommunications sector” and that “Swisscom stays satisfied that the transaction is pro-competitive.”
The Swiss operator mentioned it can proceed to work carefully and constructively with the Italian Competitors Authority to safe well timed clearance and can hold the market up to date on any vital developments.
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Swisscom Takeover of Vodafone Italia
Swisscom first introduced the EUR 8 billion acquisition of Vodafone Italia on March 15, 2024, and secured financing by Might 2024. The deal has already obtained unconditional approvals from each the Italian Presidency underneath Golden Energy laws and the Swiss Competitors Fee. With additional regulatory clearances pending, Swisscom expects the acquisition will shut by Q1 2025.
