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General

VimpelCom studying sale or merger of Wind - report

Monday 23 December 2013 | 12:14 CET | News
Russian mobile operator VimpelCom is assessing the future of its Italian unit Wind Telecomunicazioni and has held exploratory meetings with Hutchison Whampoa, reports the Financial Times citing unnamed sources with knowledge of the situation. Wind is the Russian group's second largest mobile business, but with debts standing at EUR 14 billion, a number of options are being discussed, including a possible sale or merger, or a refinancing of its debts, according to the sources. The talks between VimpelCom and Hutchison, which owns rival mobile group 3, did not progress as far as negotiations

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Categories: General
Companies: 3 Italia / Hutchison Whampoa / Vimpelcom
Countries: Italy
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