(Reuters) – Swisscom (SIX:) introduced on Thursday that it had accomplished the acquisition of its competitor Vodafone (NASDAQ:) Italia, which it should now start to merge with its Italian firm Fastweb.
The Swiss telecommunications group mentioned prices of as much as 200 million euros ($207.20 million) could be acknowledged in its 2024 monetary outcomes on account of this yr’s shut and revised its revenue outlook downward for your entire yr.
The corporate now expects earnings earlier than curiosity, taxes, depreciation and amortization (EBITDA) of between 4.3 and 4.4 billion francs for 2024, down from 4.5 to 4.6 billion francs beforehand. deliberate, with no influence on free money movement.
Income, CAPEX and dividend forecasts stay unchanged, added the corporate, which mentioned it might present additional particulars on integration prices when presenting its annual outcomes.
Swisscom mentioned the finalization of the 8 billion euro deal came about on December 31 after being authorized by Italian authorities earlier this month.
“I’m delighted with this profitable closing, because it strengthens the Swisscom Group,” mentioned Christoph Aeschlimann, CEO of Swisscom, in a press launch. “On the similar time, the deal with the Swiss market stays unchanged,” he added.
($1 = 0.9653 euros)
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