0
Wireless

CK Hutchison to acquire 100% of Italy's Wind Tre for EUR 2.45 bln

Tuesday 3 July 2018 | 08:44 CET | News
CK Hutchison said the deal to take over sole ownership Wind Tre will secure strong recurring earnings for the years ahead. Last year its original 50 percent stake in the Wind Tre business contributed over EUR 1 billion attributable EBITDA and over EUR 800 million attributable EBIT for the group. Veon, meanwhile, said it expected to book a net gain of some EUR 1.1 billion when the all-cash agreement completes and intends to use the proceeds to pay off debt and reduce its leverage ratio.

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: 3 Italia / Veon / Wind Tre
Countries: Italy
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Wind Tre mobile clients down 8% to 27 mln on Iliad effect

Published 22 Mar 2019 10:03 CET | Italy
The mobile customer base of Italian operator Wind Tre plunged 8 percent year on year to 27.06 million at the end of 2018 due ...

Telefonica, CK Hutchison ink joint global enterprise commercial deal

Published 04 Mar 2019 10:50 CET | Italy
Telefonica and Hong Kong-based CK Hutchison have agreed to join forces to offer fixed, mobile and other digital communications ...

Wind and 3 Italia activate unified network in 30 provinces

Published 26 Feb 2019 11:43 CET | Italy
Italian operator Wind Tre has completed work to unify the mobile network infrastructure of Wind and 3 Italia in a total of 30 ...

Wind Tre opens first 'twin brand' store in Milan

Published 19 Dec 2018 11:45 CET | Italy
Italian operator Wind Tre has inaugurated its first exclusive "twin-brand" physical store in Milan, reports Mobile World. The new ...

Wind Tre 9-mth revenues down 11% on Iliad effect

Published 28 Nov 2018 15:46 CET | Italy
Italian operator Wind Tre posted total revenues of EUR 4.10 billion in the first nine months of 2018, down 11 percent year on ...

Veon completes sale of Wind Tre stake to CK Hutchison

Published 07 Sep 2018 11:18 CET | Italy
Veon has completed the sale its 50 percent stake in Italian operator Wind Tre to its partner CK Hutchison just a week after the ...

Hutchison cleared to take over 100% of Wind Tre

Published 31 Aug 2018 16:48 CET | Italy
The European Commission has cleared CK Hutchison's acquisition of its partner Veon's 50 percent stake in the Italian operator ...

EC set to clear Hutchison's Wind Tre buyout - report

Published 24 Aug 2018 09:12 CET | Italy
CK Hutchison previously said it expects the takeover to close in the third quarter of 2018, delivering strong recurring earnings ...

Italy's Wind launches prepay offer with 40GB data for EUR 7

Published 22 Aug 2018 10:07 CET | Italy
The Wind brand of Italian operator Wind Tre has launched a new low-cost prepay plan available to all new customers with or ...

Wind Tre activates unified network in Rimini

Published 22 Aug 2018 08:35 CET | Italy
Italian operator Wind Tre announced the completion of work to unify the mobile network infrastructure of Wind and 3 Italia in the ...

Hutchison offers concessions on Wind Tre buy-out, EC to rule by end-August

Published 13 Aug 2018 12:43 CET | Italy
Hong Kong-based CK Hutchison submitted remedies to address the European Commission's competition concerns over its planned ...

3 Group underlying revenues down 2% in H1, EBITDA improves

Published 02 Aug 2018 10:59 CET | Europe
3 Group reported revenues for the first half of 2018 of HKD 36.12 billion, up 9 percent from a year earlier. In local currencies, ...

Veon grows underlying results in Q2, raises interim dividend

Published 02 Aug 2018 09:31 CET | World
Veon has maintained its full-year outlook for a small increase in organic revenues and EBITDA, after reporting underlying growth ...

Wind Tre revenues down 10% to EUR 2.77 bln in H1

Published 01 Aug 2018 14:22 CET | Italy
Italian operator Wind Tre reported total revenues of EUR 2.77 billion in the first six months of 2018, down 10.1 percent year on ...

Wind Tre main partner of 38th edition of Rimini Meeting

Published 12 Jul 2018 15:02 CET | Italy
Wind Tre, the new Italian operator emerging from the 50-50 joint venture between Veon's Wind and Hutchison's 3 Italia, announced ...

3 Italia launches Giga Boom Music offer with 100GB for 12 months

Published 10 Jul 2018 11:00 CET | Italy
The 3 Italia brand of operator Wind Tre has launched a new offer for existing users with 100GB of data over 12 months and 6 ...

3 Italia halves price of All-In mobile plans in summer promo

Published 09 Jul 2018 09:13 CET | Italy
The 3 Italia brand of operator Wind Tre has announced a summer promotion giving subscribers half-price access to its All-In ...

Last week in telecoms: M&A positive for Veon, negative for Inmarsat and Altice

Published 09 Jul 2018 07:30 CET | Europe
Last week's share price performances were positive enough to bring our European telecoms index back to a level we hadn't seen ...

3 Italia launches targeted offer of 30GB data for EUR 5

Published 06 Jul 2018 09:33 CET | Italy
The 3 Italia brand of operator Wind Tre has launched a series of low-cost targeted offers to selected customers in a bid to ...

Ericsson awarded EUR 600 mln Wind Tre base station deal as ZTE misses out - report

Published 04 Jul 2018 08:47 CET | Italy
Ericsson has won a EUR 600 million contract to provide mobile base stations to Italian operator Wind Tre after China's ZTE lost ...

CK Hutchison koopt 100% van Wind Tre aandelen voor EUR 2,45 mld

Published 03 Jul 2018 12:31 CET | Italy
Het in Hong Kong gevestigde CK Hutchison heeft een deal aangekondigd om het belang van 50 procent van Veon in Italiaanse ...

Veon launches new offer for GTH assets in Pakistan, Bangladesh

Published 03 Jul 2018 09:16 CET | Bangladesh
Veon has submitted a new offer to buy part of Global Telecom Holding, notability its mobile operators Jazz in Pakistan and ...

Iliad Italy signs up 10,000 clients a day in first month - report

Published 29 Jun 2018 10:26 CET | Italy
Newly-launched Italian operator Iliad has signed up around 10,000 customers a day in its first month of operation, according to a ...

Wind and 3 Italia complete unified network in Bari

Published 26 Jun 2018 10:19 CET | Italy
Italian operator Wind Tre has announced the completion of work to unify the mobile network infrastructure of Wind and 3 Italia in ...

Wind Tre revenues fall 9% to EUR 1.4 bln in Q1

Published 14 May 2018 08:58 CET | Italy
Wind Tre, the Italian operator resulting from the 50-50 joint venture between Veon's Wind and Hutchison's 3 Italia, reported ...

Italy's Wind Tre issues record EUR 7.3 bln secured bond

Published 26 Oct 2017 12:20 CET | Italy
Wind Tre, the new operator emerging from the 50-50 joint venture between Veon's Wind and Hutchison's 3 Italia, has completed the ...

Wind Tre set to refinance debt ahead of Iliad's launch - report

Published 25 Sep 2017 15:57 CET | Italy
Wind Tre, the new operator emerging from the 50-50 joint venture between Veon's Wind and Hutchison's 3 Italia, is set to ...

CK Hutchison, VimpelCom close 3 Italia, Wind JV deal

Published 07 Nov 2016 08:58 CET | Italy
Italian operators 3 Italia and Wind are now formally controlled by the joint venture created to combine their businesses after ...