Vodafone Italy gets snapped up by Swisscom in a €8 billion deal
It no longer operates networks in Italy or Spain
Vodafone is focused on growth in the UK
Vodafone has confirmed the completion of the sale of its Italian business (Vodafone Italy) to Swisscom AG in a deal with €8 billion ($8.3 billion).
Switzerland’s Swisscom, primarily operating in its home country through its self-named network and mobile virtual network operators like Coop Mobile, already has some market share in Italy with its Fastweb brand, which it partly acquired in 2007 (€3 billion for 82%) before fully acquiring in 2010.
