Swisscom in FastWeb offer

12 Mar 2007

Swisscom has reportedly offered EUR3.7 billion to acquire the Italian broadband operator FastWeb. The Swiss telco is offering EUR47 per share and is conditional on Swisscom acquiring a stake of at least 50% plus one share in FastWeb. Telecompaper reports that FastWeb, which serves more than a million broadband customers across Italy, will continue to operate under its current name and management if Swisscom’s bid is successful.

Italy, Fastweb, Swisscom