The Swiss communications group said late Friday that the deal was approved by all competent authorities, and is expected to be completed in the first quarter of 2025.Italy's competition regulator in September opened an in-depth probe into Swisscom's $8.81 billion acquisition of Vodafone Italia to assess whether the deal complies with Italian antitrust rules.The approval marks the final step for getting full clearance for a deal that could reshape the country's telecommunications market, allowing the U.K.'s Vodafone Group to exit Italy and expanding Swisscom's presence there. The Swiss group secured approval from Italy's communications watchdog in November and regulatory clearance from the European Commission in September.The all-cash deal, announced in March, brings together Vodafone Italia's mobile customer base with the fixed operations of Swisscom's Fastweb Italian unit.For Swisscom, the deal creates a converged operator-a telecom provider that offers an integrated blend of services-in Italy that it believes will allow it to exploit growth opportunities there. For Vodafone, the expected cash payment will help reduce its debt.

Swisscom Purchase In Italy Is Cleared

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