Swiss incumbent Swisscom has agreed a process with regulator Consob to buy the remaining shares of Italian broadband firm Fastweb by 14 March.
The price of Fastweb’s stock has been set at E18 per share.
From 11 October to 12 November, Swisscom increased…
Swiss incumbent Swisscom has agreed a process with regulator Consob to buy the remaining shares of Italian broadband firm Fastweb by 14 March.
The price of Fastweb’s stock has been set at E18 per share.
From 11 October to 12 November, Swisscom increased its stake in Fastweb from 82.082% to 94.834%, and at the conclusion of the offer the group bought a further 130,000 shares on the market to increase its shareholding to 94.997%.
It is now seeking to acquire 100% of Fastweb to delist the group later this year.
