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Swisscom AG on Friday said it received clearance for the acquisition of Vodafone Italia. The Ittigen, Switzerland-based telecommunications provider said it received clearance from both the Italian Competition Authority and the Ministry of Enterprises & Made in Italy. ‘This paves the way to the creation of a leading converged challenger in Italy, as all competent authorities approved the transaction,’ Swisscom said. It expects the acquisition to complete by the first quarter of 2025. The €8 billion deal to buy Vodafone Italia was announced back in March. Swisscom shares had closed 0.6% lower at fr.498.40 each on Friday in Zurich, while Vodafone Group PLC shares had closed 0.9% lower at 66.44 pence each in London. Copyright 2024 Alliance News Ltd. All Rights Reserved.
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