Eight U.S., U.K. and Italian firms are advising on the €8 billion purchase of Vodafone Italia by Swisscom, the latest in a series of recent M&A megadeals in European telecommunications.

Swisscom, which is majority-owed by the Swiss government, announced Friday that it had concluded the deal and intends to merge Vodafone Italia into its own Italian subsidiary, Fastweb.

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