Integration is not in difficulty
Fastweb and Vodafone clarify that their merger plan is on track, dismissing claims of difficulties in realizing expected synergies.
Fastweb and Vodafone have issued a clarification regarding their merger, specifically addressing accusations from a previous article that suggested they were struggling to achieve the anticipated €300 million in synergies by 2026. The companies assert that the plan remains intact, with approximately two-thirds of these synergies expected from the migration of Fastweb SIM cards to Vodafone's network. This process, they confirm, has already been completed without any service interruptions for customers.
Additionally, Fastweb and Vodafone state that the internalization of certain services provided by the Vodafone Group is proceeding as planned, without any obstacles. They argue that the claim of difficulties in reaching the synergy target are unfounded and that their progress aligns with the goals outlined in their approved plan. The companies also mention that their commercial offerings have been unified, simplifying their services for consumers.
This clarification comes at a critical time as Fastweb and Vodafone seek to solidify their market position amid ongoing competitiveness in the telecommunications sector. It highlights their commitment to executing the merger as intended and may serve to reassure investors and customers about the operational stability of the two firms during this transitional period.