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General

Hutchinson Whampoa eyes Telecom Italia mobile unit - report

Monday 22 April 2013 | 16:39 CET | News
Hutchison Whampoa is interested solely in Telecom Italia's mobile business, and not its fixed network, an unnamed source close to the companies' merger talks told Reuters. Over the valuation of EUR 1.5 billion given to 3 Italia in some reports, the same source said this is a "reasonable" sum. Also, a "decision will be made" during the 8 May meeting of the board of directors of Telecom Italia on opening formal negotiations with Hutchison Whampoa. Hutchison reportedly told Telecom Italia it wants to control the group without launching a takeover bid, and the source confirms that "the Chinese do

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Categories: General
Companies: 3 Italia / Hutchison Whampoa / Telecom Italia
Countries: Italy
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