Vodafone in talks to sell Italian arm for £7bn to Swisscom

Vodafone Group PLC (LSE:VOD) said it is in exclusive discussions with Swisscom about a cash sale of its Italian arm. The debt-laden telecoms group admitted in December that it was exploring options for Vodafone Italia and rumours have suggested Swisscom was the leading candidate, as it owns broadband provider Fastweb in the country.  Today, Vodafone confirmed the pair currently are talking about Swisscom potentially buying Vodafone Italy for a total enterprise value of €8 billion (£6.8bn) excluding debt and ...