Thursday, 15 November 2018

Hutch buys Veon out of Wind Tre for €2.45bn

By Mary Lennighan, for Total Telecom
Tuesday 03 July 18

Hong Kong firm takes sole control of Italian JV, while Veon makes an offer for assets in Pakistan, Bangladesh

CK Hutchison will take sole control of Italian mobile joint venture Wind Tre with the acquisition of partner Veon's stake for €2.45 billion. The Hong Kong firm and Veon merged their Italian mobile businesses, Tre Italia and Wind respectively, in late 2016, each taking a 50% stake. Veon said its exit from Wind Tre will allow it pay down debt and increase its focus on emerging markets…

CK Hutchison will take sole control of Italian mobile joint venture Wind Tre with the acquisition of partner Veon's stake for €2.45 billion. The Hong Kong firm and Veon merged their Italian mobile businesses, Tre Italia and Wind respectively, in late 2016, each taking a 50% stake. Veon said its exit from Wind Tre will allow it pay down debt and increase its focus on emerging markets…

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