Thursday, 21 September 2017

European Commission OKs 3 Italia/Wind deal

By Nick Wood, Total Telecom
Thursday 01 September 16

Vestager says in-market consolidation is possible when competition is protected; €21.8bn transaction expected to close during Q4.

As expected, the European Commission on Thursday gave the go-ahead for 3 Italia and Wind's €21.8 billion merger, paving the way for the creation of Italy's biggest mobile operator and Iliad's arrival in the country. The combined entity will boast around 31 million mobile customers and 2.8 million fixed-line customers. Its joint 2015 revenue was &euro…

As expected, the European Commission on Thursday gave the go-ahead for 3 Italia and Wind's €21.8 billion merger, paving the way for the creation of Italy's biggest mobile operator and Iliad's arrival in the country. The combined entity will boast around 31 million mobile customers and 2.8 million fixed-line customers. Its joint 2015 revenue was &euro…

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