Antitrust and Mimit approvals arrive for Fastweb-Vodafone | EUROtoday

Listen to the audio model of the article

The inexperienced mild has arrived from Antitrust and Mimit for the acquisition of Vodafone Italia by Swisscom, which on the finish of the operation will marry the Italian department of the English multinational TLC with the subsidiary Fastweb.

This was communicated by Swisscom itself, stating that the constructive opinion of the competent authorities “paves the way for the creation of a leading convergent operator in Italy”.

The circumstances for the Antitrust approval

On 20 December 2024, the be aware reads, «the Italian antitrust authority approved the transaction and accepted the commitments undertaken by Swisscom as a part of the operation. The commitments embody Fastweb’s continuation, according to its technique, of the availability of wholesale companies to third-party operators and the sharing of knowledge in any public administration tender for fastened telephony and glued connectivity companies the place the present supplier is both Fastweb or Vodafone Italia. An impartial trustee will assure the achievement of the commitments which can be legitimate for 3 years.”

Green light also for frequencies

Even Mimit, the note continues, «approved the transaction authorizing the transfer of control over Vodafone Italia, as the company holding mobile spectrum licenses. Taking note of the favorable opinions already expressed by the Communications Regulatory Authority and the Competition and Market Guarantor Authority, Mimit gave its unconditional green light on 19 December 2024″.

Closing within the first quarter of 2025

The new firm that can be born from the transaction «will be capable of rely on the high-quality fastened and cell infrastructures of Fastweb and Vodafone, in addition to on the talents and capabilities of the 2 corporations to supply important advantages to Italian shoppers and companies». Swisscom subsequently confirms its forecast based on which the transaction is predicted to be accomplished “by the first quarter of 2025”.