Britain’s Vodafone confirms sale of Italian arm to Swisscom for $8.7 billion
LONDON — British cellphone company Vodafone confirmed Friday that it is selling its Italian business to Switzerland’s Swisscom for 8 billion euros ($8.7 billion) and will hand back half of the proceeds to its shareholders through the buyback of company shares. Vodafone said the move, with talks first announced Feb. 28, represented an “attractive valuation” … Read more