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Wireless

Wind-3 Italia close to finalising merger - report

Thursday 30 July 2015 | 08:11 CET | News
Hutchison Whampoa and VimpelCom are close to finalising a merger of their respective Italian mobile phone units, 3 Italia and Wind Telecomunicazioni, to create what would be Italy's largest mobile operator, according to unnamed sources cited by Bloomberg. An announcement about the merger could arrive as early as next week, said two of the sources, with the owners discussing a possible capital hike of EUR 2 billion for the combined entity. Another source suggested the parties may bring in a private-equity investor. The news comes over two months after the companies announced they were in

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