Vodafone Announces Sale of Italian Business to Swisscom
Friday, 15 March 2024, 09:13
Vodafone Divests Italian Business to Swisscom for €8bn
Vodafone has finalized the sale of its Italian business to Swisscom for €8bn in cash. This strategic decision is part of Vodafone's broader European restructuring plans.
Return of €4bn to Shareholders
Part of the proceeds from the sale will be returned to investors through share buybacks. This move aims to enhance shareholder value and streamline Vodafone's operations.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.