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General

Wind, 3 Italia owners consider IPO of merged entity - report

Wednesday 27 May 2015 | 15:50 CET | News
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Hutchison Whampoa and VimpelCom are considering the possibility of launching an IPO of the entity that would result from a possible merger of their Italian mobile phone units, 3 Italia and Wind Telecomunicazioni, according to two unnamed sources cited by Bloomberg. Last week both companies released statements confirming negotiations to merge Italy's third-largest mobile operator Wind and fourth-placed 3 Italia. The combined entity would have around 30 million customers and 33.3 percent of the Italian market, compared with 32.1 percent for Telecom Italia and 27.5 percent for Vodafone.

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