Fastweb SpA's (FWB.MI) board has accepted an offer from Swisscom AG (SCMN.VX), parent of the Italian telecommunications operator, to buy the remaining shares not already owned by Fastweb, according to a statement Monday.

The board decided to accept the offer to buy the remaining 17.918% of Fastweb at EUR18 a share at a meeting held earlier in the day, the statement said.

website: http://company.fastweb.it

-By Gilles Castonguay, Dow Jones Newswires; +39 02 5821 9908; gilles.castonguay@dowjones.com
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