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Wireless

Vimpelcom fails to reach deal on Wind, 3 Italia merger

Tuesday 28 October 2014 | 09:38 CET | News
The possibility of a merger between Wind and 3 Italia, the Italian mobile phone units of Vimpelcom and Hutchison Whampoa, has been called off by Vimpelcom after the companies failed to reach an agreement. Without identifying the potential partner, Vimpelcom confirmed in a statement that it had "held discussions to explore the potential value which would accrue to shareholders through a 50-50 joint venture in Italy," going on to add that "no conclusion to these discussions was reached." The companies have been holding on-off talks since December, with Wind's debt of around EUR 9.5 billion

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Categories: Mobile & Wireless
Companies: 3 Italia / Hutchison Whampoa / Vimpelcom / Wind
Countries: Italy
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