Swisscom said on Thursday that it has completed its acquisition of competitor Vodafone Italia, which it will now begin merging with its Italian business Fastweb.

Swisscom also said that given that the deal’s closing was recognized in 2024, instead of the first quarter of 2025 as initially planned, it would include up to €200 million in costs in its annual accounts.

Vodafone completes £6.6bn deal to offload Italian arm - The mobile phone giant last month saw its £15 billion mega-merger with Three UK given the green light by Britain’s competition regulator.