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Wireless

Telecom Italia ends talks on 3 Italia takeover

Friday 5 July 2013 | 08:48 CET | News
Telecom Italia has ended talks with Hutchison Whampoa on a possible merger of their mobile activities in Italy. At a board meeting on 04 July, the board of Telecom Italia examined the results of its preliminary contacts with Hong Kong-based Hutchison. According to a statement from the company, the board found that "at present there are not the elements necessary to start negotiations". The companies first confirmed the merger talks in early April, but Telecom Italia has repeatedly delayed a decision on entering full negotiations as it seeks certain assurances from Hutchison. The takeover

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Categories: Mobile & Wireless
Companies: Hutchison Whampoa / Telecom Italia / Telefonica / TIM
Countries: Italy
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