9 Company acquisition of Vodafone Italia

In March 2024, Swisscom reached binding agreements with Vodafone Group Plc regarding the takeover of 100% of Vodafone Italia for a purchase price of EUR 8.0 bil­lion (cash and debt-free). The company is then to be merged with Fastweb, Swisscom’s subsidiary in Italy. 100% of the purchase price is covered by cash and will be financed using debt capital in full. The merger of Vodafone Italia and Fastweb is designed to bring together complementary, high-quality mobile communications and fixed telephone network infrastructures, skills and expertise in order to create a leading convergent provider in a market that offers growth opportunities. The completion of the transaction is subject to regulatory and other standard approvals. The transaction is expected to be completed in the first quarter of 2025. Further information on financing is provided in Note 5 to the interim financial statements.