CK Hutchison and Vimpelcom strike Italian telco JV

CK Hutchison and Vimpelcom reach a joint venture agreement to merge 3 Italia and Wind, creating a company valued at €21.8 billion.

CK Hutchison Holdings, parent company of mobile operator 3 Italia, and Vimpelcom, parent of Wind, are creating a joint venture that will own and operate their telecoms businesses in Italy, both companies said on Thursday night.

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