Tag: Italy

WindTre and Iliad mull Italian merger

According to multiple sources cited by Reuters, the discussions could lead to a joint venture combining CK Hutchison’s subsidiary Wind Tre and Iliad’s Italian operations, which currently operate under the Free brand.

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CK Hutchison and EQT scrap Wind Tre network infra deal

In May last year, CK Hutchison announced it was carving out the fixed and mobile assets of its Italian operator WindTre, aiming to sell 60% of the newly formed company to Swedish infrastructure fund EQT.

Now, however, the sale has been cancelled, with EQT issuing only a brief statement by way of explanation.

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TIM to rebuff Italian government’s offer for Sparkle

Last week, the Italian government reportedly made a bid to acquire 100% of TIM’s submarine cable unit Sparkle. While the financial details of the bid were not revealed, reports suggested that it valued the business at up to €750 million.

Today, further reports suggest that this bid is set to be rejected by TIM, with the company’s directors set to seek a higher offer for its subsea assets

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iliad proposes Vodafone Italy merger 

French-based iliad has announced today that it has submitted a proposal to Vodafone to merge their Italian units, through the creation of a new entity named NewCo. Under the deal, Vodafone would receive a 50% share of the new entity, a cash payment of €6.5 billion and a shareholder loan of EUR 2.0 billion to ensure long-term alignment.

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