White & Case advises Swisscom and Fastweb on acquisition of Vodafone Italia

Global law firm White & Case LLP has advised Swisscom and its Italian subsidiary Fastweb on the merger control review before Italy’s competition authority (AGCM) and the Foreign Subsidies Regulation (FSR) review by the European Commission for their landmark US$8.3 billion acquisition of Vodafone Italia.

In a precedent-setting outcome, AGCM cleared the deal on December 20, 2024, following a phase-two investigation and after accepting Swisscom’s behavioral remedies. The European Commission had previously approved the transaction under the FSR. The deal closed on December 31, 2024.

The deal establishes a leading converged challenger in Italy, with more than 20 million mobile and 5.6 million fixed lines.

The White & Case team that advised on the transaction was led by partner Kasia Czapracka (Brussels), with support from partner of counsel Mark Powell (Brussels, London), local partner Martino Sforza (Milan, Brussels), counsel Irina Trichkovska (Brussels) and associates Tommaso Poli (Brussels, Milan), Cornelius Börner, Daphne Emvalomenos and Enrique Fayos de Arizón (all Brussels). 

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