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Vodafone sells Italy arm over 'excessive fragmentation'
Evening Standard
|March 15, 2024
THE CEO of Vodafone has bemoaned the "excessive fragmentation" of European telecoms markets as Italy today became the latest country the firm has exited after it reached an €8 billion (£6.8bn) deal with rival Swisscom.
The all-cash deal, which Vodafone said was the highest multiple of any of their market transactions in the past decade, will see the creation of Italy's second-biggest fixed-line broadband operator behind TIM and follows Vodafone's €5 billion sale of its Spanish operations
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