Deals
Hutchison’s Italy Wireless Deal Said to Win EU Approval Soon
- Concessions will help Iliad enter Italian phone market
- Approval comes three months after Hutchison U.K. deal veto
This article is for subscribers only.
CK Hutchison Holdings Ltd. and VimpelCom Ltd. could win European Commission approval to create Italy’s largest wireless provider as early as next week, according to two people familiar with the matter.
EU Competition Commissioner Margrethe Vestager will likely hold a press conference to announce the deal’s approval, said the people, who asked not to be identified because the discussions are private. The two companies agreed to concessions that will allow Iliad SA to enter the Italian phone market to get the EU to sign off on the transaction.