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General

3 Italia and Wind in ongoing merger talks - report

Wednesday 5 February 2014 | 12:02 CET | News
Hutchison Whampoa and VimpelCom are continuing with high-level talks about a possible merger of their respective Italian mobile phone units, 3 Italia and Wind Telecomunicazioni, reports Italian daily La Repubblica. Without citing its sources, La Repubblica said that under the latest draft agreement 3 Italia would control the majority of the company resulting from a possible tie-up of the operators' activities, although Wind would retain a stake in the event of a future stock market flotation. The report also states that certain assets would be sold to reduce debts. These could include mobile

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Categories: General
Companies: 3 Italia / Infostrada / Wind
Countries: Italy
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