May 06, 2016 7:39 PM ET

Diversified Telecommunication Services

Company Overview of WIND TELECOM S.p.A.

Company Overview

WIND TELECOM S.p.A. is a holding company which through its subsidiaries offers mobile, fixed, Internet, and international communication services. The company was formerly known as Weather Investments S.p.A and changed its name to WIND TELECOM S.p.A. in December 2010. The company was founded in 2005 and is based in Rome, Italy. As of April 15, 2011, WIND TELECOM S.p.A. operates as a subsidiary of VimpelCom Ltd.

Via Cesare Giulio Viola, 48

Rome, RM 00148

Italy

Founded in 2005

Phone:

39 06 83 11 46 00

Fax:

39 06 83 11 46 01

Key Executives for WIND TELECOM S.p.A.

WIND TELECOM S.p.A. does not have any Key Executives recorded.

WIND TELECOM S.p.A. Key Developments

VimpelCom Reportedly Seeks To Sell Stake of WIND Mobile

WIND TELECOM S.p.A.'s foreign owner VimpelCom Ltd. said it plans to either sell its Canadian unit or 'swap it for stake in larger operator working in the country. VimpelCom Ltd.'s (NasdaqGS:VIP) Chief Executive Officer Jo Lunder said in a telephone interview, "the company may sell its Canadian unit or swap it for stake in larger operator working in the country”, Bloomberg reported. VimpelCom has been unable to take full control of Wind Mobile and also unable to find a buyer for it. “What’s going on in Canada, I think, is very simple. We decided not to participate in the 700 auction early in the year because there was no clear path to control. At the same time, we have written off $1.5-billion of investments in Canada over the last couple of years,” he said, “And for that reason… we have no intention really to put any more funding into Canada at this point.” “For that reason, we are now having different discussions with different players in that market to either sell it or to combine it with others and take a smaller position in a larger entity,” Lunder said.

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