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Wireless

France's Iliad agrees to acquire Wind, 3 Italia assets

Wednesday 6 July 2016 | 08:35 CET | News
French telecom group Iliad has signed an agreement to create a fourth Italian mobile operator by acquiring the frequencies and infrastructure assets freed up by Wind and 3 Italia, the local subsidiaries of VimpelCom and CK Hutchison, if they gain antitrust approval to merge. Iliad confirmed that its majority shareholder Xavier Niel does not hold any stake in the voting rights or capital of Telecom Italia and that he would sell his options in that company "in the next few weeks". Iliad was keen to stress that the remedy agreement is subject to European Commission approval as well as to the

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