CK Hutchison’s 3 Italia and Wind Merger Gets Approved, Welcome News but Largely Expected
Following the failure to acquire O2 in the U.K., CK Hutchison’s success in obtaining regulatory approval for a merger between 3 Italia and VimpelCom’s Wind is welcome news although largely anticipated. The merger creates Italy’s largest wireless operator in terms of customers at 31 million but both companies have inferior networks that will require upgrading. The benefit is that cash flows will still be greatly enhanced with the larger customer base lowering the cost per customer. As a result, w...CK Hutchison Holdings is an investment holding group based in Hong Kong. Co.'s businesses encompass such diverse areas as property development and investment, real estate agency and estate management, hotels, telecommunications and e-commerce, finance and investments, retail, ports and related services, energy, infrastructure projects and materials, media, and biotechnology. Co.'s core business are organized along four segments: Property (sales, leasing, property management and development); Hutchison Whampoa (ports, property and hotel, retail, infrastructure, energy and telecommunications); Life Sciences (health and agriculture related products) and Other Investments.
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