Swisscom announced a bid to acquire Fastweb, Italy's second largest fixed-network operator and leading provider of IP-based services, for EUR 47 per share for a maximum total consideration of EUR 3.7 billion. Fastweb is Italy's leading alternative broadband telecommunications provider with more than one million customers, 2006 revenues and EBITDA of respectively EUR 1.26 billion and EUR 424.6 million. Swisscom said it intends to make a long-term investment and to further strengthen the competitive position of Fastweb based on a new generation network...