OTC Markets OTCPK - Delayed Quote • USD Swisscom AG (SWZCF) Follow Compare 572.05 0.00 (0.00%) At close: January 29 at 3:00:00 PM EST All News Press Releases SEC Filings All SEC Filings Corporate Changes & Voting Matters Periodic Financial Reports Proxy Statements Tender Offer/Acquisition Reports Offering Registrations SCMWY Trims View Post Vodafone Italia Buyout: Will it Affect Stock? Swisscom revises EBITDA guidance after successful completion of Vodafone Italia acquisition. Trending tickers: Nvidia, Tesla, Walgreens and Vodafone The latest investor updates on stocks that are trending on Thursday. 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. Market Chatter: Swisscom Submits New Offers to Get Approval for Vodafone Deal in Italy Market Chatter: Swisscom Submits New Offers to Get Approval for Vodafone Deal in Italy Swisscom offers new proposals to win Italy's approval for Vodafone deal Swisscom offered a second set of remedies to Italy's antitrust authority at the end of October to win approval for a planned deal to combine its Italian arm Fastweb with Vodafone assets in the country, a letter seen by Reuters showed. The Italian antitrust authority (AGCM), whose approval is required to complete the deal, opened in September an in-depth review of Swisscom's 8 billion euro buyout of Vodafone Italia, which would be merged with Fastweb. AGCM said at the time the merger could restrict competition as it would create a dominant player in Italy's fixed-line wholesale service market, as well as in retail services for residential, public administration and corporate customers. Swisscom AG (SCMWY) Q3 2024 Earnings Call Highlights: Navigating Challenges with Strategic ... Despite a slight dip in revenue and EBITDA, Swisscom AG (SCMWY) confirms full-year guidance and showcases robust growth in its Italian subsidiary, Fastweb. Swisscom AG (SCMWY) Q2 2024 Earnings Call Highlights: Revenue Growth Amidst Competitive Challenges Swisscom AG (SCMWY) reports a 1.8% revenue increase driven by strong performance in Italy, despite facing competitive pressures in Switzerland. EU Commission clears Swisscom-Vodafone Italia deal The European Commission has approved an acquisition of Vodafone Italia by Swisscom under the foreign subsidies regulation, the Swiss telecoms company said on Tuesday. The deal is still subject to other regulatory approvals, including that of the Italian competition authority, it added. Swisscom expects the transaction to be completed in the first quarter of 2025. Italy's antitrust scrutinises impact of Swisscom-Vodafone deal on landline service Italy's competition watchdog said on Monday a planned tie-up between Swisscom's and Vodafone's Italian units could pose a threat to competition in the country's fixed-line connectivity services. Last week the Italian antitrust authority, called AGCM, opened an in-depth review of Swisscom's 8-billion-euro buyout of Vodafone Italia, which will be combined with Swisscom's Italian subsidiary Fastweb, subject to regulatory approval. Nokia and Swisscom to deploy drone service in Switzerland to improve emergency services Police, firefighters and other public safety agencies in Switzerland will be able to request a drone from Swisscom. Nokia and Swisscom to deploy drone service across Switzerland Nokia has partnered up with Swisscom to deploy a drones network across Switzerland to improve emergency responses and infrastructure inspection, they said in a joint statement on Thursday. The Finnish telecom gear maker will supply 300 un-manned vehicles that mobile provider Swisscom will operate through a drones-as-a-service (DaaS) network across the country. Swiss public safety agencies such as police or firefighters will be able to request a drone flight from Swisscom Broadcast and access collected data. Zacks Industry Outlook Swisscom, Telefonica and Telenor Swisscom, Telefonica and Telenor have been highlighted in this Industry Outlook article. 3 Stocks From the Thriving Communication Industry to Bet on The accelerated pace of 5G deployment and demand for scalable infrastructure should help the Zacks Diversified Communication Services industry thrive despite geopolitical headwinds. SCMWY, TEF and TELNY are well-positioned to make the most of the infrastructure upgrade for seamless connectivity. EchoStar (SATS) Expands Swisscom's LoRaWAN IoT Coverage EchoStar's (SATS) unit EchoStar Mobile is aiding Swisscom to augment its LoRaWAN IoT coverage across Europe by deploying advanced satellite connectivity. Ericsson (ERIC) Solution to Upgrade Swisscom's Mobile Network Swisscom selects Ericsson's (ERIC) comprehensive solution suite to modernize its mobile network infrastructure. Three Days Left Until Swisscom AG (VTX:SCMN) Trades Ex-Dividend Readers hoping to buy Swisscom AG ( VTX:SCMN ) for its dividend will need to make their move shortly, as the stock is... EXPLAINER-Why European telecoms are consolidating Swisscom's agreement to buy Vodafone Italia for 8 billion euros ($8.7 billion) is the latest attempt by a European telecom company to boost its prospects through consolidation, divesting assets, or selling stakes to investors. Weighed down by billions of euros of debt, European telecom companies operate in small, highly competitive markets, unlike their peers in other regions, making it difficult for them to find growth. European telcos have for years fought regulatory hurdles that prevent mergers. Vodafone Wraps Overhaul With €8 Billion Italy Deal, Buyback (Bloomberg) -- Vodafone Group Plc struck an €8 billion ($8.7 billion) deal to sell its Italian business to Swisscom AG, bringing to a close a years-long divestment effort and setting the stage for a shake-up of the fiercely competitive Italian market.Most Read from BloombergTrump Rules Out Vivek Ramaswamy as Running Mate as He Eyes New TeamApple Is in Talks to Let Google Gemini Power iPhone AI FeaturesUltra-Wealthy Are Souring on Chicago’s Most Elite NeighborhoodWhat Happens If Trump Can’t Post Britain's Vodafone confirms sale of Italian arm to Swisscom for $8.7 billion 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” and marked the final step of its strategy to sell off parts of its European portfolio. Swisscom, a telecoms operator, will pay in cash that it will finance through new debt. UPDATE 2-European stocks falter on US rate jitters but log weekly gains European shares dipped on Friday as risk sentiment remained subdued due to mounting concerns the Federal Reserve may delay interest rate cuts, though strength in telecommunications stocks helped stem losses. The pan-European STOXX 600 index ended 0.2% lower after touching record highs in three of the past five sessions. Performance Overview Trailing total returns as of 1/31/2025, which may include dividends or other distributions. Benchmark is MSCI WORLD Return SWZCF MSCI WORLD YTD +2.89% +3.59% 1-Year -0.89% +19.02% 3-Year +11.30% 0.00%