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Italy: Mobile merger in the works

By  |  February 18, 2015

A mobile merger could be in the offing in Italy, with discussions between two major players reportedly ramping up.

Hutchison Whampoa, owner of 3 Italia, has been holding talks with Wind parent Vimpelcom regarding a possible combination of their mobile assets for some time and the pair have now stepped up negotiations, Bloomberg reported on Tuesday.

Previous talks between Hutch and Vimpelcom fell apart last year because the former wanted to control the merged company, while Vimpelcom was seeking a 50:50 joint venture.

Full Content: Bloomberg

 

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