Rome, August 8, 2015 – Markets in turmoil for the announcement the other day between two major mobile operators in Italy: the Italian 3 and the Wind.
The announcement of the operation was given by Jean Yves Charlie, CEO of Russian Vimpelcom, company providing global telecommunications services Bermuda based in Amsterdam that controls Wind.
“With over 31 million mobile customers and 2.8 million fixed network customers, including 2.2 million broadband, the combined business is expected to generate significant benefits Capex and Opex with a present value equity, net of integration costs, of over EUR 5 billion – said in a press release – The combined revenue of both companies in 2014 were 6.4 billion. ”
The new company will be led by the current CEO of Wind, Maximo Ibarra. Marriage between 3 and Wind Italy will be subject to regulatory approval by the Antitrust Authority and the Union and Europe should become a reality within a year.
Giuseppe Recchi: Telecom welcomes the merger of the group Wind and 3 Italy: “We observe the behavior of competitors. I believe that the more the subjects of our industry are large and have capacity to invest much more what benefits the consumer and the ability to invest in increasingly modern networks. So we see it favorably. ” It ‘as stated by Giuseppe Recchi, executive chairman of Telecom Italy.
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