Italy’s communications authority AGCOM cleared Swisscom’s acquisition of Vodafone Italia, the Swiss telecoms group said on Wednesday.
The 8 billion euro ($8.48 billion) acquisition is still subject to two other regulatory approvals, including that of the Italian antitrust authority AGCM, Swisscom said.
The AGCM, whose approval is required to complete the deal, in September opened an in-depth review of Swisscom’s buyout of Vodafone Italia, which would be merged with Fastweb.
($1 = 0.9435 euros)
