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

Thank you for visiting Telecompaper

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.


Already registered?

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

Add comment

Please login or register to leave a 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.


Hutchison critical of 3 Italia-Telecom Italia press reports

Published 20 Sep 2013 22:43 CET | Italy
Hutchison Whampoa is concerned about rumours in the Italian press regarding a possible merger between 3 Italia and Telecom ...

Sawiris, AT&T eye Telecom Italia - report

Published 05 Sep 2013 15:52 CET | Italy
AT&T and Egyptian investor Naguib Sawiris have made contact with the core Telecom Italia investors who want to sell their shares ...

Telecom Italia cuts outlook, to go ahead with fixed spin-off

Published 02 Aug 2013 09:22 CET | Italy
Telecom Italia reported a net loss for the first half of 2013 after writing down the value of its domestic operations. It also ...

3 Italia grows customer base 1% in H1, ARPU down 10%

Published 01 Aug 2013 14:13 CET | Italy
3 Italia ended the first half of 2013 with 9.581 million customers, up 1 percent from six months earlier. The prepaid base fell ...

3 Group grows H1 EBITDA 38%, sales up 8%

Published 01 Aug 2013 14:00 CET | Europe
3 Group reported improved results over the first half of 2013, including its first positive operating cash flow (EBITDA minus ...

Hutchison 'buyer not seller' in Italian market - 3 CEO

Published 30 Jul 2013 12:11 CET | Italy
Talks on a merger between Telecom Italia and 3 Italia could start again in the autumn, although 3 could change its strategy and ...

AT&T has little reason to expand to Europe

Published 16 Jul 2013 11:35 CET | Europe
AT&T is in search of takeovers in Europe, according to recent media reports. Possible candidates could include EE, the UK joint ...

Telecom Italia suspends fixed network spin-off plan

Published 16 Jul 2013 10:44 CET | Italy
Telecom Italia has decided to suspend its plan to spin off its fixed network, following the recent regulatory decisions lowering ...

Telecom Italia, Hutchison mobile merger talks stall - report

Published 03 Jul 2013 09:48 CET | Italy
Hutchison Whampoa is losing patience with Telecom Italia over lack of progress on the proposed merger of their Italian mobile ...

Telecom Italia board to discuss 3 merger 05 July

Published 11 Jun 2013 10:04 CET | Italy
The next meeting of the Board of Directors of Telecom Italia will take place 05 July. The directors are expected to discuss the ...

Telecom Italia Board postpones decision on 3 Italia

Published 05 Jun 2013 22:05 CET | Italy
At a meeting on 5 June, the Board of Directors of Telecom Italia did not examine the possible merger with 3 Italia, according to ...

Telecom Italia says no decision on 3 Italia merger this week

Published 02 Jun 2013 22:39 CET | Italy
The board of directors of Telecom Italia will not reach a decision on any potential merger with mobile operator 3 Italia at its ...

Telecom Italia delays decision on Hutchinson deal

Published 09 May 2013 09:29 CET | Italy
Telecom Italia continues to evaluate a possible alliance with Hutchison Whampoa and aims to take a decision at the next board ...

Telefonica opposes Telecom Italia-3 Italia merger - report

Published 07 May 2013 15:58 CET | Italy
Spain's Telefonica is opposing the merger between Telecom Italia and 3 Italia, writes local daily Il Messaggero. As a result, the ...

Hutchinson Whampoa eyes Telecom Italia mobile unit - report

Published 22 Apr 2013 16:39 CET | Italy
Hutchison Whampoa is interested solely in Telecom Italia's mobile business, and not its fixed network, an unnamed source close to ...

Telecom Italia wants Hutchinson stake capped at 10% - report

Published 18 Apr 2013 14:50 CET | Italy
Telecom Italia would be willing to let Hutchison Whampoa purchase no more than 10 percent of the operator as part of a merger ...

Telecom Italia sees 3 worth up to EUR 800 mln - report

Published 17 Apr 2013 15:52 CET | Italy
Telecom Italia is interested in 3 Italia, but does not want to pay too much for the rival mobile operator, according to local ...

Hutchison Whampoa seeks controlling stake in Telecom Italia

Published 11 Apr 2013 17:29 CET | Italy
Telecom Italia confirmed that Hutchison Whampoa is interested in becoming its controlling shareholder. In a statement after its ...

Telefonica prepared to sell Telecom Italia stake - report

Published 10 Apr 2013 09:27 CET | Italy
Spanish operator Telefonica would be prepared to withdraw from the capital of Telecom Italia in the event of a merger with 3 ...

Hutchison Whampoa eyes 29.9% of Telecom Italia - report

Published 09 Apr 2013 11:35 CET | Italy
Hutchison Whampoa wants to acquire a 29.9 percent stake in Telecom Italia and said it will pay EUR 1.20 cash for the shares, ...

Telecom Italia confirms talks with Hutchison on 3 merger

Published 08 Apr 2013 08:44 CET | Italy
Telecom Italia confirmed it has held preliminary talks with Hutchison Whampoa over a possible merger with 3 Italia. Telecom ...

Calendar   /   Industry Events

25 Jan Ericsson Q4 2021
25 Jan F5 fiscal Q1
25 Jan Verizon Q4 2021
25 Jan Microsoft fiscal Q2
25 Jan Uniti Group Q4
25 Jan European 5G Conference
26 Jan AT&T Q4 2021
26 Jan Corning Q4 2021
26 Jan Intel Q4 2021
26 Jan Calix Q4 2021
26 Jan Crown Castle Q4 2021
27 Jan Extreme Networks fiscal Q2
27 Jan Elisa Q4 2021
27 Jan Apple fiscal Q1
27 Jan Juniper Networks Q4 2021
27 Jan STMicroelectronics Q4 2021
27 Jan Samsung Electronics Q4 2021
27 Jan MTN Nigeria Q4 2021
27 Jan Rogers Communications Q4 2021
27 Jan Comcast Q4 2021
27 Jan FCC meeting
28 Jan SK Hynix Q4
28 Jan Charter Communications Q4
28 Jan Telia Lithuania Q4 2021
28 Jan Telia Company Q4 2021
31 Jan KPN Q4 2021
31 Jan Cirrus Logic Q3
31 Jan NXP Semiconductors Q4 2021
31 Jan NEC fiscal Q3
31 Jan Harmonic Q4
::: More Calendar Items