Swisscom revises down earnings outlook after Vodafone Italia acquisition complete
The company now expects earnings before interest, taxes, depreciation and amortization (EBITDA) of 4.3 to 4.4 billion Swiss francs for 2024, down from 4.5-4.6 billion francs previously guided for, with no impact on free cash flow. Swisscom said that the closing of the 8-billion euro deal took place on Dec. 31 after it had been approved by the Italian authorities earlier that month. "I am thrilled about the successful closing, as it strengthens Swisscom Group," Swisscom CEO Christoph Aeschlimann said in a statement, "At the same time, the focus on the Swiss market remains unchanged," he added.