A PYMNTS Company

Italy: Hutchinson weighs options after Telecom Italia fallout

 |  July 26, 2013

Following the breakdown of merger talks with Telecom Italia’s wireless operations, Hutchinson Whampoa is reportedly considering other mergers so enter into the Italian telecommunications market. The head of Hutchinson’s local unit 3 Italia, Vincenzo Novari, assured that top competitors in the nation’s wireless market will drop from four to three and, while he did not name specifics, said a deal with Wind Telecomunicazioni – or a revival of talks with Telecom Italia – is possible. “In Italy Hutchinson Whampoa will be a buyer not a seller,” Novari said in an interview. Hutchinson Whampoa is based in Hong Kong.

Full Content: Bloomberg

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.