Readers hoping to buy Swisscom AG ( VTX:SCMN ) for its dividend will need to make their move shortly, as the stock is...
Swisscom's agreement to buy Vodafone Italia for 8 billion euros ($8.7 billion) is the latest attempt by a European telecom company to boost its prospects through consolidation, divesting assets, or selling stakes to investors. Weighed down by billions of euros of debt, European telecom companies operate in small, highly competitive markets, unlike their peers in other regions, making it difficult for them to find growth. European telcos have for years fought regulatory hurdles that prevent mergers.
(Bloomberg) -- Vodafone Group Plc struck an €8 billion ($8.7 billion) deal to sell its Italian business to Swisscom AG, bringing to a close a years-long divestment effort and setting the stage for a shake-up of the fiercely competitive Italian market.Most Read from BloombergTrump Rules Out Vivek Ramaswamy as Running Mate as He Eyes New TeamApple Is in Talks to Let Google Gemini Power iPhone AI FeaturesUltra-Wealthy Are Souring on Chicago’s Most Elite NeighborhoodWhat Happens If Trump Can’t Post