A PYMNTS Company

Italy: Telecom Italia mulls merger options with rivals

By  |  April 5, 2013
Italy: Telecom Italia mulls merger options with rivals

Sources say Telecom Italia SpA’s board will evaluate potential merger options in its meeting next week, specifically concerning a buyout of H3G SpA, Itlay’s smallest carrier. H3G is the wireless unit of Hutchinson Whampoa Ltd.; reports say it could be valued at about $1.9 billion. The source did note, however, that Telecom Italia is not looking to pay cash for any potential acquisitions, and that offering stock may not be in the investors’ best interests. There are four wireless carriers in Italy’s market, and on analysts said that a consolidation from four to three competitors would “create value for all remaining operators.”

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

     

    Full Content: SFGate

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