Latest news for Swisscom (OTC:SWZCF) Stock

Swisscom is the incumbent telecom operator in Switzerland, with a high market share in mobile and fixed-line markets. It charges high prices compared with its competitors and other European peers due to the historical stability of the Swiss telecom market and a favorable regulatory environment. It also owns Fastweb in Italy, which has a broadband network and operates as a wireless reseller.

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Swisscom acquires Vodafone Italia for €8 billion, merging with Fastweb, aiming for growth and substantial synergies in the Italian telecom sector.

Vodafone Stock Jumps Over 4% - Sells Italy Unit To Swisscom In $8.7B Deal

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Chainlink Labs, the organization linked with the Chainlink (CRYPTO: LINK) token, announced Tuesday that Eric Schmidt, the former CEO of Alphabet Inc (NASDAQ: GOOGL) (NASDAQ: 

Chainlink Soars, Outperforming Bitcoin, Ethereum, As Former Google CEO Comes Aboard As Advisor

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Amazon Plans First Robotics Fulfillment Center In Alberta By 2022

Swisscom AG

Swisscom AG 2023 Q3 - Results - Earnings Call Presentation

Swisscom: Limited Fiber Rollout Eases Financial Burden

Swisscom AG 2023 Q4 - Results - Earnings Call Presentation

Swisscom AG (SWZCF) Q4 2023 Earnings Call Transcript

Swisscom AG GAAP EPS of CHF 33.03, revenue of CHF 11.07B

Swisscom closes in on deal for Vodafone Italy, beating Iliad

Swisscom: Vodafone Italy Acquisition Makes Sense

SwissCom reports Q1 results

Swisscom AG (SCMWY) Q1 2024 Earnings Call Transcript

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Swisscom

Swisscom AG&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/SWZCF#OTC">SWZCF</a>) inked&nbsp;<a target="_blank" href="https://www.swisscom.ch/en/about/news/2024/03/15-vodafone-italia.html" rel="noreferrer noopener">binding deals</a>&nbsp;with&nbsp;Vodafone Group Plc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VOD#NASDAQ">VOD</a>) to acquire 100% of Vodafone Italia for €8 billion ($8.71 billion), aiming to<a target="_blank" href="https://www.benzinga.com/markets/equities/24/01/36861948/why-is-vodafone-stock-trading-lower-wednesday" rel="noreferrer noopener">&nbsp;merge it with Fastweb, its Italian subsidiary</a>.



The transaction consideration will be 100% cash and will be fully debt-financed, Swisscom said in a press release.



Vodafone will provide certain services for an initial total annual service charge of ~€350 million, expected to decrease over time.



Also Read:&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/01/36635078/vodafone-commits-1-5-billion-to-collaborate-with-microsoft-to-make-generative-ai-accessible-to-3" rel="noreferrer noopener">Vodafone Commits $1.5 Billion To Collaborate With Microsoft To Make Generative AI Accessible To 300M Users</a>



Vodafone Italia and Fastweb unite to combine their mobile and fixed infrastructures, skills, and resources, positioning themselves as a prominent challenger in a market ripe with growth prospects.



The enhanced scale, streamlined cost structure, and substantial annual synergies of approximately €600 million will empower the merged entity to create substantial value for stakeholders.&nbsp;



This will allow sustained investments in Italy&#8217;s telecom sector, delivering innovative, competitively priced converged services to enhance customer experiences across all market segments.



Following the Italian deal and the previously agreed sale of its Spanish operation, Vodafone announced plans to&nbsp;<a target="_blank" href="https://investors.vodafone.com/reports-information/results-reports-presentations" rel="noreferrer noopener">return&nbsp;</a>€4 billion via share buybacks to shareholders.



&#8220;Our transactions in Italy and Spain will deliver €12 billion of upfront cash proceeds and we intend to return €4 billion to shareholders via buybacks, as part of our broader capital allocation review," said Group Chief Executive Margherita Della Valle.



Additionally, it intends to reduce its dividend to 4.5 euro cents per share starting from the 2025 financial year. The company&#8217;s FY24 total ordinary dividend is expected to be maintained at 9.0c per share.&nbsp;



Swisscom announced that the debt-financed transaction will be settled in cash. The closing of the deal is contingent upon obtaining regulatory and customary approvals.&nbsp;



Swisscom stated that it does not anticipate requiring a shareholder vote and anticipates the closure to take place in the first quarter of 2025.



&#8220;With the merger we&#8217;re creating a leading provider in a market with great growth opportunities and in doing so taking a big step towards our goal of profitable growth in Italy,&#8221; Swisscom CEO Christoph Aeschlimann said in a video statement, Reuters reported.



Read Next:&nbsp;<a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/03/37672693/analyst-recommends-trump-linked-phunware-for-solid-results-in-2h24-and-2025-heres-w" rel="noreferrer noopener">Analyst Recommends Trump-Linked Phunware For Solid Results In 2H24 And 2025 &#8211; Here&#8217;s Why</a>



Price Action: VOD shares are trading higher by 4.24% to $8.85 premarket on the last check Friday.



Photo via Wikimedia Commons

Chainlink Labs, the organization linked with the Chainlink (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/link/usd">LINK</a>) token, announced Tuesday that Eric Schmidt, the former CEO of Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) subsidiary Google has joined&nbsp;as a strategic advisor.

What Happened: Schmidt served as the Google CEO from 2001 to 2011 leading the company from a startup and transforming it into a search behemoth it is today.

&ldquo;Chainlink is a secret ingredient to unlocking the potential of smart contract platforms and revolutionizing business and society. I am excited to be helping the Chainlink Labs team build a world powered by truth,&rdquo; said Schmidt, as per a Chainlink statement.

The lack of a connection with the &ldquo;world outside itself&rdquo; was <a href="https://www.benzinga.com/money/best-blockchain-penny-stocks/">blockchain</a> technology&rsquo;s &ldquo;biggest challenge,&rdquo; as per the former Google CEO.

LINK rose 8.84% higher to $21.73 over 24 hours. The token has fallen 15.4% over a seven-day trailing period.

LINK rose 5.89% and 6.71% against Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) respectively over 24 hours.&nbsp;

Since the year began, LINK has gained 76.36%. In May, LINK touched an all-time high of $52.88. At press time, it traded 58.87% below that level.

See Also: <a href="https://www.benzinga.com/money/how-to-buy-chainlink-link/" style="text-decoration-line:none">How To Buy Chainlink (LINK)</a>

Why It Matters: Chainlink recently announced a Cross-Chain Compatability Protocol, which provides a universal, open standard for developers to build secure services and applications across multiple networks, as per the project.

In its statement, Chainlink noted that blockchains and smart contracts build atop are unable to connect with &ldquo;real-world data and systems.&rdquo; Chainlink seeks to address this issue through the use of oracle networks.

The Chainlink network is made up of node operators like Deutsche Telekom&rsquo;s (OTC:<a class="ticker" href="https://www.benzinga.com/stock/DTEGY#OTC">DTEGY</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/DTEGF#OTC">DTEGF</a>) T-Sytems, Swisscom AG (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SCMWY#OTC">SCMWY</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SWZCF#OTC">SWZCF</a>), and the Associated Press among others.

On Monday, Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) rival Floki Inu&nbsp;said it i<a href="https://www.benzinga.com/markets/cryptocurrency/21/12/24452461/dogecoin-rival-floki-inu-integrates-chainlink-as-it-branches-into-defi" style="text-decoration-line:none">ntegrated Chainlink</a> in order to bring popular decentralized finance or DeFi functions to its community.

Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/21/12/24447364/mark-zuckerbergs-sister-randi-says-dogecoin-killer-shiba-inu-has-become-mainstream" style="text-decoration-line:none">Mark Zuckerberg&#39;s Sister Randi Says Dogecoin Killer Shiba Inu Has Become Mainstream</a>

<ul>
	<li>Amazon.com Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>)&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/21/06/n21739403/amazon-expands-in-alberta-with-the-provinces-first-amazon-robotics-fulfillment-center-creates-more" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">announced plans to launch</a>&nbsp;its first Amazon robotics fulfillment center in Parkland County, Alberta.</li>
	<li>It aims to create over 1,000 full- and part-time jobs starting at $16 an hour with comprehensive benefits and opportunities to work alongside Amazon Robotics under the arrangement.</li>
	<li>The new robotics fulfillment center, set to launch in 2022, is over 600,000 square feet and will be used to pick, pack and ship small items to customers like books, electronics, and toys.</li>
	<li>Separately, Swiss telecom company&nbsp;Swisscom AG&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/SWZCF#OTC">SWZCF</a>)&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/21/06/b21738937/aws-named-swisscoms-preferred-public-cloud-provider-to-accelerate-digital-transformation-strategy-" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">chose</a>&nbsp;Amazon Web Services, Inc. (AWS) as its preferred public cloud provider for its enterprise IT.</li>
	<li>Swisscom will migrate to AWS a wide range of core applications that power its enterprise resource planning, operational support system (OSS), business support system (BSS), analytics, contact center, and communications provisioning workloads.</li>
	<li>Swisscom will also leverage AWS&#39;s proven infrastructure and breadth and depth of services to explore how to build a reliable, scalable, secure, and cost-effective 5G Core in the cloud.</li>
	<li>Price action:&nbsp;AMZN shares traded higher by 0.43% at 3,416 in the premarket session on the last check Monday.</li>
</ul>

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