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Multinational: Hutchison, VimpelCom deal remains in limbo

By  |  October 28, 2014

Hong Kong-based telco giant Hutchison Whampoa and Amsterdam-based peer VimpelCom have reportedly failed so far to reach an agreement to merge their assets in Italy, say reports.

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    Reports emerged earlier this year that the companies revived discussions to combine a wireless assets in Italy, a deal that would create the nation’s largest mobile operator by customers.

    A merger would join Hutchison’s 3 Italia with VimpelCom’s Wind.

    According to reports, the companies cannot agree on resulting ownership of the merged company. Hutchison is looking to secure a majority stake in the new company, while VimpelCom wants a 50/50 partnership in the new venture.

    Full content: The Standard

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