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  • 3/15/2024
Swisscom, le principal opérateur de télécommunications en Suisse, prévoit d'acquérir la filiale italienne du géant britannique Vodafone pour 8 milliards d'euros afin de la fusionner avec sa propre filiale Fastweb.
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00:00 Swisscom, the main telecommunications operator in Switzerland, plans to acquire the Italian subsidiary of the British giant Vodafone for 8 billion euros in order to merge it with its own subsidiary FastWeb.
00:11 This purchase must allow it to strengthen in Italy, the market where it is already recording its strongest growth thanks to FastWeb, bought in 2007, announced Friday Swisscom in a statement, specifying that it had signed a binding agreement with Vodafone.
00:26 For the British group, which has repeatedly pushed back advances from the French Iliad, this transaction marks the third and last step in a reorganization of its activities in Europe.
00:35 After the session of its branch in Spain and the merger with the United Kingdom with TriUK of the Hong Kong conglomerate CK Hutchinson, he underlined his CEO, Margarita De La Valle, in a separate statement.
00:47 The sale of this subsidiary in Italy and its activities in Spain will allow Vodafone to raise 12 billion euros in liquidity, said Vodafone's boss, saying that the group plans to pay 4 billion euros to its shareholders in the form of a share purchase.
01:00 The Swiss group also intends to treat its shareholders after this transaction, submitted to the approval of regulatory authorities and which it hopes to close in the first quarter of 2025.
01:11 Swisscom, whose dividend is 22.86 euros per share for 2023, plans to raise it to 26.00 francs for the 2025 exercise, specifying that the transfer will take effect in 2026 after the closing of the accounts in 2025.
01:26 It plans to increase it again later thanks to the expected scale and synergies economies, valued at 600 million euros per year.
01:34 The transaction, which will be regulated in liquidity and financed by loans, will increase the operator's debt, which, however, ensures that its balance sheet will remain solid.
01:41 At 10.27 GMT, Swisscom's share price gained 2.66% at 517.20 Swiss francs, against the SMI's trend, the Swiss stock exchange reference index, -0.02%.
01:54 At the London Stock Exchange, Vodafone's share price was estimated to climb from 3.25% to 68.24 pence.
02:02 "The merger of Vodafone and FastWeb will create a solid competitor on the most difficult telecom market in Europe," said Mark Dietelm, analyst at Von Tobel, in a stock market commentary.
02:12 "It's a quantum leap for Swisscom," said Christian Bader, an analyst at Zurich's Canton Bank, in a market note.
02:20 In 2023, Swisscom managed to grow its turnover from 0.2% to 11 billion Swiss francs, largely thanks to FastWeb.
02:30 "We are convinced by the industrial logic of this merger."
02:33 FastWeb and Vodafone Italia are ideally competing, said Christoph Eiskliman, Swisscom's CEO.
02:40 "In the point statement, Swisscom says that the combined entity will be more solid and will guarantee long-term investment levels in infrastructure in Italy."
02:49 the body.

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