Market Chatter: Swisscom Submits New Offers to Get Approval for Vodafone Deal in Italy

MT Newswires Live11-13

Swisscom presented new proposal to get the approval of Italy's antitrust authority for a planned deal to combine its Italian arm Fastweb with Vodafone (VOD) assets in the country, Reuters reported Tuesday.

Swisscom offered to share Fastweb's fibre infrastructure with rivals to provide connectivity services to corporate and public administration clients, as well as all the needed information to ensure a level playing field in any public tenders for phone and connectivity services, the report said, citing a letter to the Autorita Garante della Concorrenza e del Mercato, or AGCM.

Swisscom competitors were given until Nov. 4 to provide their feedback on the new set of remedies, the report said, citing two people briefed on the matter.

Swisscom declined to comment to MT Newswires, while Vodafone and AGCM did not immediately reply.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 8.46, Change: -0.86, Percent Change: -9.23

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