May 8 (Reuters) - Swisscom reported a 39.3%

rise in its first-quarter revenue on Thursday, meeting market

expectations, citing the successful acquisition of Vodafone

Italia.

Group revenue on a reported basis came in at 3.76 billion

Swiss francs ($4.56 billion) in the quarter, in line with

analysts' forecast of 3.76 billion francs in a company-provided

consensus.

On a pro forma basis, first quarter group revenue fell by

1.2% year-on-year, dragged down by weaker performance on

domestic market.

At Swisscom's Italian business revenue for the quarter

remained almost stable at 1.82 billion euros, in line with

analysts' estimates of 1.81 billion euros.

Today's Swisscom results mark the first quarter since

the integration of Vodafone Italia.

In January, the company completed its acquisition of

competitor Vodafone Italia, which was consolidated with

Swisscom's Italian unit Fastweb.

With slowing growth and intensified competition in the Swiss

telecommunication sector, namely Sunrise Communications's

intention to grow exclusively on Swiss market, the

acquisition should help Swisscom to expand its market share.

"Business performance in the first quarter of 2025 met

our expectations. Swisscom is on track," Chief Executive

Christoph Aeschlimann said in a statement.

"I am especially pleased that the integration of

Vodafone Italia is going as planned," Aeschlimann added.

($1 = 0.8249 Swiss francs)