Swisscom, Switzerland's leading telecommunications provider, has revised its earnings outlook for 2024 downwards following the completion of its €8 billion acquisition of Vodafone Italia. The acquisition, which will see Vodafone Italia merged with Swisscom's existing Italian subsidiary Fastweb, brings significant strategic advantages but also incurs substantial integration costs that have prompted the earnings adjustment. Strategic Rationale Behind the Acquisition The acquisition of Vodafone Italia is a major strategic move for Swisscom, aimed at strengthening its position in the competitive Italian telecommunications market. The merger with Fastweb will create a significantly larger and more integrated player, offering a full range of fixed and mobile services to both consumer and business customers.