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Fastweb, Iliad vying for Wind, 3 Italia assets - report

2016-06-24 08:58:00| Telecompaper Headlines

(Telecompaper) VimpelCom and CK Hutchison have potential deals in place with broadband provider Fastweb and Xavier Niel's Iliad to establish a new mobile operator in Italy, according to an unnamed source cited by the Financial Times. The news appears to confirm previous reports indicating that Wind and 3 Italia, the Italian subsidiaries of VimpelCom and CK Hutchison, have offered to sell assets including 8,000 network sites, frequencies and a roaming deal to create a fourth mobile operator in Italy and convince EC regulators to approve their proposed merger. The companies are waiting for European antitrust authorities to express their view this week before deciding which would be the best fit for the deal, according to the FT's source.

Tags: report italia wind assets

Category:Telecommunications

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