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Wireless

VimpelCom, Hutchison agree one-year lockup on 3-Wind shares

Tuesday 4 October 2016 | 10:05 CET | News
VimpelCom and CK Hutchison have agreed to a lock-up of 12 months on their respective participation in the joint venture combining their Italian mobile operators Wind and 3 Italia, as well as a right of first refusal on their partner's share, reports Corriere della Sera. The reports adds that the parent companies have accepted that neither side can reduce its indirect stake below 50 percent in the first year of execution of the merger. After one year the partners will be able to sell shares of their Italian joint venture to third parties after having previously offered them to the other

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