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International Business Times
International Business Times
Business
AFP News

Vodafone In Talks To Sell Italian Unit To Swisscom

Vodafone Swisscom Switzerland
Vodafone may sell its Italian unit to Swisscom after rejecting merger offers from French billionaire Xavier Niel's Iliad group (Credit: AFP)

British telecoms giant Vodafone is in advanced talks to sell its Italian unit to Switzerland's Swisscom, agreeing on a preliminary price of eight billion euros ($8.7 billion), the companies said Wednesday.

Vodafone, which previously rejected offers from French billionaire Xavier Niel's Iliad group, said it has "engaged extensively with several parties to explore market consolidation in Italy".

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