ZURICH (WiMAX Day). Swisscom AG announced that it has completed the acquisition of shares in Italian alternative telecoms provider Fastweb SpA. Swisscom has acquired 82.4% of the shares in Fastweb for a total of €4.2 billion Euros. Fastweb has been seen as the leading candidate to gain licenses to WiMAX spectrum at auction in Italy next month, however this is no longer certain. According to a report in Reuters, Swisscom CEO Carsten Schloter said that the participation of Fastweb in the spectrum auction will depend on how the spectrum is priced.