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.
Swisscom and its subsidiaries are the principal provider of telecommunication services in Switzerland, providing a comprehensive range of services to residential and business customers. Co.'s major lines of business include Fixnet, comprising national and international fixed-line voice... More
Industry: Telecom Services - Domestic
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