Vodafone leads race for Tele2 Italia

3 Oct 2007

The competition to acquire Tele2’s Italian assets is now a stand-off between two players, Vodafone and Wind, with Vodafone in the better position according to a report from Reuters. The report, which cites ‘a source familiar with the situation’, says other bidders, including FastWeb and Tiscali have dropped out, leaving just Vodafone and Wind in the running. Vodafone is thought to hold an advantage because it is willing to buy Tele2’s Italian assets along with the same company’s Spanish business; Wind is interested only in Tele2 Italia, a firm which has been valued at up to EUR560 million (USD790 million).