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France's Iliad agrees to acquire Wind, 3 Italia assets

2016-07-06 08:35:00| Telecompaper Headlines

(Telecompaper) French telecom group Iliad has signed an agreement to create a fourth Italian mobile operator by acquiring the frequencies and infrastructure assets freed up by Wind and 3 Italia, the local subsidiaries of VimpelCom and CK Hutchison, if they gain antitrust approval to merge. Iliad confirmed that its majority shareholder Xavier Niel does not hold any stake in the voting rights or capital of Telecom Italia and that he would sell his options in that company "in the next few weeks". Iliad was keen to stress that the remedy agreement is subject to European Commission approval as well as to the EC's approval of the Wind and 3 Italia merger, which is due on 08 September. The EC needs to decide whether Iliad can compete effectively with Telecom Italia, Vodafone Italia and the combined Wind-3 Italia.

Tags: italia wind assets acquire

 

Iliad agrees to acquire Italy assets

2016-07-06 02:00:00| Total Telecom industry news

French telco takes 'unique opportunity' to enter Italy as Hutchison, VimpelCom seek to win over European regulators for mobile merger.

Tags: italy assets acquire agrees

 
 

Iliad in exclusive talks over Wind, 3 Italia assets - report

2016-07-05 08:34:00| Telecompaper Headlines

(Telecompaper) VimpelCom and CK Hutchison have entered into exclusive talks with French telecom group Iliad over the possibility of acquiring Italian frequencies and infrastructure assets and setting up a fourth mobile operator in the country, according to two unnamed sources cited by Reuters. Previous reports have indicated 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 in a bid to convince EC regulators to approve their proposed merger. The European Commission will now decide whether Iliad, owned by French billionaire Xavier Niel, can compete effectively with the other three network operators, including Telecom Italia.

Tags: report italia exclusive wind

 

Shell boss taking 'a good look' at North Sea assets

2016-07-01 09:53:15| BBC News | Business | UK Edition

Royal Dutch Shell chief executive tells the BBC he is taking 'a good look' at the company's North Sea assets in the light of weak oil prices.

Tags: good north taking sea

 

Shell boss 'taking a good look' at North Sea assets

2016-07-01 09:41:18| BBC News | Business | UK Edition

Shell chief executive Ben van Beurden tells the BBC he is taking "a good look" at its North Sea assets in the light of lower oil prices.

Tags: good north taking sea

 

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