– Agreement reached for melting Wind and 3 Italy . This was announced by Jean Yves Charlie, CEO of Vimpelcom , a Russian company that controls Wind. The announcement came during a conference call with analysts on the group’s half-year results. The head of the new company will be entrusted to the current Wind, Maximo Ibarra.
The joint venture will 700 million euro synergy , announced the leaders of the operation Vimpelcom presenting and explaining how the new operator will be the fourth European market .
“With over 31 million mobile customers and 2.8 million fixed network customers , of which 2.2 million with broadband, activity combined should generate significant benefits Capex and Opex with a net present value, net of integration costs, of over EUR 5 billion – said in a statement. The combined revenue of both companies in 2014 were 6.4 billion “.
All appointments – Ready for the team that will join Ibarra (pictured). Vincenzo Novari, current CEO of 3 Italy, will be appointed as a senior consultant for Italy CK Hutchison (parent of 3) and will enter the board of directors of JV Holdco after the operation completes. Dina Ravera, Coo 3 Italy , will lead the integration process of the merger and will remain in a senior operational role in the new company. Stefano Invernizzi, CFO of 3 Italy, will become CFO of the joint venture.
The Board of Administration – The board will consist of six members, three appointed by Hutchison three Vimpelcom, the chairman will rotate between the two parent companies every 18 months and will have a casting vote on certain fundamental questions of business.
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