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General

Telecom Italia wants Hutchinson stake capped at 10% - report

Thursday 18 April 2013 | 14:50 CET | News
Telecom Italia would be willing to let Hutchison Whampoa purchase no more than 10 percent of the operator as part of a merger with 3 Italia, Bloomberg reports citing sources familiar with the matter. The fair value of 3 Italia would be EUR 1.5 billion, making it unlikely that Telecom Italia would accept a 29.9 percent stake for Hutchison as the Chinese company would like. The entry of Hutchison as a shareholder may dissolve the Telco agreement, whose shareholders Telefonica, Intesa Sanpaolo, Assicurazioni Generali and Mediobanca hold 22.4 percent of Telecom Italia. For Hutchison, however, the

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