By Adria Calatayud

Swisscom is in advanced talks to buy Vodafone Group’s Italy business for 8 billion euros ($8.68 billion) in cash and merge it with its Fastweb subsidiary, it said.

The Swiss telecommunications company said Wednesday that the price is preliminary and that there can be no certainty that any transaction will ultimately be completed.

Write to Adria Calatayud at

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