Vodafone's Significant Move

Vodafone Group Plc has made a substantial announcement, revealing the signing of a binding agreement to sell 100% of its operations in Italy to Swisscom AG. This strategic move marks a significant shift in Vodafone's European presence.

The transaction, valued at €8 billion on a debt and cash-free basis, is subject to customary regulatory approvals. Both parties have exchanged customary warranties, ensuring a smooth transition process.

Financial Highlights

In the six months ending September 30, 2024, Vodafone Italy reported impressive financial figures, including a revenue of €2.249 billion, a gross profit of €1.37 billion, and an operating profit of €928 million. These numbers underscore the value of Vodafone's Italian operations and the potential benefits for Swisscom.