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EU likely to approve Wind-3 Italia merger - report

Monday 11 July 2016 | 08:30 CET | News
The EU's antitrust authorities are set to approve the merger of Italian mobile operators Wind and 3 Italia after parent companies VimpelCom and CK Hutchison agreed to free up assets to help create a fourth network operator, according to two unnamed sources cited by Reuters. The new entrant is likely to be France's Iliad, which has signed an agreement to acquire a set of 3G and 4G frequencies from VimpelCom and CK Hutchison for EUR 450 million, with payment phased between 2017 and 2019, as well as several thousand macro sites in rural areas. The European Commission is due to issue its decision

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Categories: Mobile & Wireless
Companies: 3 Italia / European Commission / Fastweb / Iliad / Swisscom / Telecom Italia / Vimpelcom / Vodafone Italia / Wind
Countries: Italy
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