Sunday, 24 June 2018

Consolidation in Italy as Wind, 3 ink €21.8bn merger

By Mary Lennighan, Total Telecom
Thursday 06 August 15

Telcos announce 50:50 joint venture that will be led by current Wind CEO Maximo Ibarra.

Hutchison Whampoa and Vimpelcom have agreed to merge their Italian telecoms businesses in a deal valued at €21.8 billion. After months of speculation and an indication earlier this week that a deal was imminent, the pair made the announcement on Thursday, noting that the combination of Wind and 3 Italia would create a stronger competitor with 31 million mobile customers…

Hutchison Whampoa and Vimpelcom have agreed to merge their Italian telecoms businesses in a deal valued at €21.8 billion. After months of speculation and an indication earlier this week that a deal was imminent, the pair made the announcement on Thursday, noting that the combination of Wind and 3 Italia would create a stronger competitor with 31 million mobile customers…

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