Swisscom buys Vodafone Italia in $8.7-B deal

Swisscom said on Friday it will buy Vodafone Italia for 8 billion euros ($8.7 billion) and merge the business with its Italian subsidiary Fastweb. The deal will create Italy’s second-biggest fixed-line broadband operator behind TIM, with a strong presence in the prized business segment, and a leading player in mobile. The debt-financed deal will be
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