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Swisscom's Italian subsidiary Fastweb divests $477m FiberCop stake in telecom infrastructure overhaul

The divestment of Fastweb's FiberCop stake, coupled with the impending acquisition of Vodafone Italy, signals a transformative phase for the Italian telecommunications landscape.

By João Marques Lima

Founder and Editor, The Tech Capital

3 Mins

June 10, 2024 | 10:37 PM BST

Swisscom's Italian subsidiary Fastweb divests $477m FiberCop stake in telecom infrastructure overhaul

Michael Rechsteiner Chairman of Swisscom

The Tech Capital

Swisscom's Italian telecommunications subsidiary, Fastweb, has inked a deal to relinquish its minority stake in fiber broadband infrastructure entity FiberCop, valued at €439 million (US$477 million).

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João Marques Lima

Founder and Editor, The Tech Capital

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