The sale of the Italian arm to Swisscom was confirmed by Britain's Vodafone

Britain's Vodafone confirms sale of Italian arm to Swisscom for $8.7 billion. British cellphone company confirms it's selling its Italian business to Switzerland’s Swisscom. Swisscom will buy the Italian arm for about $8 billion, the company says.

Britain's Vodafone confirms sale of Italian arm to Swisscom for $8.7 billion. British cellphone company confirms it's selling its Italian business to Switzerland’s Swisscom. Swisscom will buy the Italian arm for about $8 billion, the company says.

Vodafone to sell Italian business to Swisscom for €8bn. UK telecoms group says some of proceeds will be returned to investors via share buybacks. Some of the money will be used to buy back shares of the company's Italian customers. The deal is expected to be worth around $10bn, according to analysts.

Vodafone offloads Italian business to Swiss rival for €8bn. Struggling telecoms giant forges ahead with plans to slim down operations. Struggles to cut costs of Italian business will cost €8billion, according to analysts. Vodfone has been in the throes of a difficult period in Italy and Austria.