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3 Italia and Wind resume mobile merger talks - report

Wednesday 4 June 2014 | 13:23 CET | News
Hutchison Whampoa and VimpelCom have resumed high-level talks about a possible merger of their respective Italian mobile phone units, 3 Italia and Wind Telecomunicazioni, according to unnamed sources cited by Reuters. The chances of a merger going ahead have increased following the EC's approval of Hutchison Whampoa's acquisition of O2 Ireland, said the sources. A partial refinancing of Wind's debt of around EUR 9.5 billion has also created a new momentum for the deal to happen, with the debt refinancing plan announced in April specifically allowing for a change of ownership. Vimpelcom has

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Categories: Mobile & Wireless
Companies: 3 Italia / Hutchison Whampoa / Vimpelcom / Wind
Countries: Italy
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