Swisscom may buy Fastweb
The Swiss Competition Commission has no objections to Swisscom's planned acquisition of Fastweb as part of the voluntary public tender offer it has launched.
The Swiss Competition Commission has no objections to Swisscom's planned acquisition of Fastweb as part of the voluntary public takeover bid. As Swisscom announced on Thursday, the Competition Commission has given it the green light to acquire the Italian company Fastweb. Swisscom will now acquire the 78,128,095 outstanding shares of the company. As the acquisition will not result in a dominant market position, the Competition Commission has no reason to conduct an in-depth review of the merger under the Cartel Act. This fulfills a further condition of the takeover bid.
