Vimpelcom, Hutchison close to striking Italian mobile deal: sources
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VimpelCom (VIP), Hutchison to Form 50/50 Italian Joint Venture
August 6, 2015 8:10 AM EDTCK Hutchison Holdings Ltd. ("CK Hutchison"), parent company of Italian mobile operator 3 Italia, and VimpelCom Ltd. ("VimpelCom"), parent company of WIND, have entered into an agreement to form a 50/50 joint venture that will own and operate their telecommunications businesses in Italy.
By combining their businesses, 3 Italia and WIND will gain the scale and more efficient cost structure needed to enable them to continue to offer innovative, competitively-priced telecoms services and to compete even more aggressively in the Italian market place. The combination of the two networks, together with significant additional investment, will provide Italian mobile users with unmatched... More
UPDATE: VimpelCom (VIP), Hutchison Close to Wireless Merger in Italy - Bloomberg
July 29, 2015 10:18 AM EDT(Updated - July 29, 2015 10:28 AM EDT)
VimpelCom (NASDAQ: VIP) and Hutchison are close to an agreement to combine their wireless business in Italy and are putting the final touches on a deal, according to Bloomberg, citing people familiar. A deal... More
