Italy deepens probe of Swisscom's takeover of Vodafone Italia

The planned Swisscom takeover of Vodafone Italia is being scrutinised more closely by the Italian competition authority. An in-depth investigation (Phase II), has been initiated. + Get the most important news from Switzerland in your inbox "Phase II investigations are not unusual in the telecommunications sector", Swisscom explained on Thursday. "Swisscom remains convinced that the transaction is pro-competitive." The Swiss industry leader officially notified the €8 billion takeover of Vodafone Italia to the Italian competition authority (Autorità Garante della Concorrenza e del Mercato) in mid-August. Overall, the takeover of Vodafone Italia is proceeding according to plan, Swisscom stated. To this end, the Swiss telecoms provider secured the financing for the purchase price in May. It has also received unconditional approval from the Swiss Competition Commission (ComCo) and the Italian Presidency of the Council of Ministers on the basis of the Golden Power Law. In addition, the ...