Companies / Switzerland
If you would like to subscribe to Western Europe Telecommunications Insight and gain instant access to this article, please click here to subscribe.
If you would like to take a trial to Western Europe Telecommunications Insight please click on the trial link below.
Swisscom Succeeds In Fastweb Bid
May 2007 | Company News AlertSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
If you would like to subscribe to Western Europe Telecommunications Insight and gain instant access to this article, please click here to subscribe.
If you would like to take a trial to Western Europe Telecommunications Insight please click on the trial link below.
Switzerland's incumbent fixed-line operator Swisscom has succeeded in its bid to take control of Italian broadband company Fastweb. The Swiss operator announced that it has acquired 80.7% of Fastweb shares for a total sum of EUR3.1bn, giving it a total shareholding of 82.4%. When taking into account Swisscom's assumption of Fastweb's net debt, the value of the deal rises to EUR4.2bn.