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EU: Hutch, Vimpelcom submit Italian merger

By  |  February 9, 2016

Hutchison Europe and Vimpelcom have formally notified the European Commission of their intention to merge their Italian fixed and mobile businesses.

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    The telcos made the filing on Friday, according to case information published by the Commission’s competition arm.

    The Commission has set an initial deadline of 11 March to make a ruling in the case.

    As they announced in August, the operators intend to bring together their 3 Italia and Wind businesses under Hutchison 3G Italy Investments, which is currently owned by Hutch but will become a 50:50 joint venture.

    The firms value their combined business at €21.8 billion. Presuming the tie-up passes European Commission scrutiny, the merged entity – the companies have yet to share a brand name – will become a strong competitor for Telecom Italia.

    Full content: Reuters

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