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Vodafone given green light to buy stake in Swisscom Mobile

Swisscom shareholders voted in favour of the deal with Vodafone


Swisscom shareholders have given the go-ahead for the British mobile phone operator, Vodafone, to buy a 25 per cent stake in the Swiss company's mobile phone subsidiary, Swisscom Mobile.

The shareholders approved the sell-off, which will cost the British phone giant SFr4.5 billion, at a meeting in Zurich.

The Swiss government, which controls over 65 percent of Swisscom, has already given the move the green light. The deal is due to be finalised in November.

It will give Swisscom access to third generation mobile phone technology, services and products created by Vodafone.

swissinfo with agencies


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