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Wind, 3 Italia set to resume merger talks - report

Tuesday 17 February 2015 | 15:00 CET | News
Hutchison Whampoa and VimpelCom are set to resume negotiations about a possible merger of their respective Italian mobile phone units, 3 Italia and Wind Telecomunicazioni, according to unnamed sources cited by Italian daily Il Giornale. Executives from the two parent companies held an initial meeting at the offices of Deutsche Bank in London on 16 February with a view to resuming talks that were called off by Vimpelcom in October, said the sources. The companies had been holding on-off talks since December 2013, with Wind's debt of around EUR 9.5 billion representing the main a hurdle to a

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