Swisscom has completed the takeover of Vodafone Italia for €8 billion (CHF7.5 billion) slightly earlier than expected. +Get the most important news from Switzerland in your inbox "The transaction was completed on December 31, 2024," Swisscom announced in a press release on Thursday. Swisscom had previously expected the €8 billion deal to be completed in the first quarter of 2025. The slightly earlier completion was made possible because Swisscom had already received all the necessary approvals from the Italian authorities by December 20. Owing to the closure of the transaction in 2024, costs of up to €200 million will now be taken into account in Swisscom's 2024 financial statements. Swisscom is therefore lowering its targets for operating profit before depreciation and amortisation (EBITDA) for 2024: the telecoms group is now forecasting EBITDA of CHF4.3-4.4 billion, having previously targeted CHF4.5-4.6 billion. There will be no impact on free cash flow in 2024, Swisscom added.
