SwissCom AG ADROTCPK - Current
Oct. 8, 2014, 3:48 AM
- Telecom operator Swisscom (OTCPK:SCMWY) is considering a sale of its Italian broadband firm Fastweb, which has been previously targeted by Vodafone (NASDAQ:VOD).
- Swisscom acquired Fastweb for €4.2B in 2007, and has so far been unwilling to sell the company. The broadband company could be worth up to €5B ($6.3B) based on 2013 EBITDA of 620M Swiss francs.
- A source tells Reuters that while Vodafone is not currently in talks with Swisscom, it remains interested in a Fastweb acquisition.