(Reuters) – Swisscom introduced on Thursday that it had finalized the acquisition of its competitor Vodafone Italia, which it’s going to now start to merge with its Italian firm Fastweb.
The Swiss telecommunications group stated prices of as much as 200 million euros ($207.20 million) can be acknowledged in its 2024 monetary outcomes as a result of this 12 months’s shut and revised its revenue outlook downward for all the 12 months.
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 circulate.
Income, CAPEX and dividend forecasts stay unchanged, added the corporate, which stated it could present additional particulars on integration prices when presenting its annual outcomes.
Swisscom stated the finalization of the 8 billion euro deal came about on December 31 after being accepted by Italian authorities earlier this month.
“I’m delighted with this profitable closing, because it strengthens the Swisscom Group,” stated Christoph Aeschlimann, CEO of Swisscom, in a press launch. “On the identical time, the give attention to the Swiss market stays unchanged,” he added.
($1 = 0.9653 euros)
(Reporting by Marleen Kaesebier in Gdansk, modifying by Miranda Murray)
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