22nd May 2016 19:28
LONDON (Alliance News) - Sky PLC is understood to be among the companies looking at the possibility of picking up assets which may have to be sold to get regulatory passage for the merger of CK Hutchison and VimpelCom.
CK Hutchison and VimpelCom have agreed a EUR20.0 billion merger of their 3 Italia and Wind mobile businesses in Italy. Hutchison is particularly sensitive to potential regulatory worries after its attempt to merger its Three UK business with O2 UK was blocked by the European Commission.
The 3 Italia-Wind deal will create the largest mobile-only operator in Italy, putting the combined business narrowly ahead of Telecom Italia.
Sky and French telecoms firm Iliad SA are understood to have held talks with Hutchison and VimpelCom on the possibility of creating a new mobile business for the Italian market.
https://next.ft.com/content/6cc5cc7e-1e95-11e6-a7bc-ee846770ec15
By Sam Unsted; [email protected]; @SamUAtAlliance
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