October 15, 2014 / 10:00 AM / in 3 years

Vodafone executive says does not see conditions for Fastweb deal

Pigeons fly past Vodafone branding outside a retail store in London November 12, 2013. REUTERS/Toby Melville

MILAN (Reuters) - Telecoms group Vodafone does not see conditions at the moment for a deal to buy Italian broadband company Fastweb, the head of Vodafone in Italy, Aldo Bisio, said on Wednesday.

Sources familiar with the situation said this month Swisscom, which wholly owns Fastweb, was considering a possible sale of the unit, which is worth up to 5 billion euros ($6.3 billion) and has been a target for Vodafone.

Reporting by Gianluca Semeraro, writing by Danilo Masoni; editing by Agnieszka Flak

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