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9 Scope of consolidation
Italian subsidiary Fastweb signed an agreement at the end of July 2018 to acquire Tiscali’s fixed wireless division and 3.5 GHz frequency spectrum, thereby strengthening the mobile and convergent business in the long term. The deal is worth around EUR 150 million (CHF 174 million). The transaction is subject to approval by the respective authorities. The deal is expected to be completed by the end of 2018.