Wireless Telecommunication Services
Company Overview of 3 Italia S.p.A.
3 Italia S.p.A. provides mobile telephony services, video communication services, internet access, and content services including TV, music, games, and news. The company is based in Milan, Italy. 3 Italia S.p.A. operates as a subsidiary of Hutchison Whampoa Ltd.
Via Leonardo da Vinci, 1
Trezzano Sul Naviglio
Milan, MI 20090
39 02 44581
39 024 45 81 27 13
Key Executives for 3 Italia S.p.A.
3 Italia S.p.A. does not have any Key Executives recorded.
3 Italia S.p.A. Key Developments
3 Italia Reports Earnings Results for the First Half of 2016
Aug 12 16
3 Italia reported earnings results for the first half of 2016. For the period, the company posted a 62% increase in operating profit to EUR 63 million over the first half of 2016 amid growth in both service revenues and the number of postpaid clients. Overall revenues were up 3% at EUR 906 million over the period as net service revenues rose 6%, offsetting an 8% decline in handset sales.
Iliad In Exclusive Talks Over Wind, 3 Italia Assets
Jul 5 16
VimpelCom Ltd. (NasdaqGS:VIP) and CK Hutchison CK Hutchison Holdings Limited (SEHK:1) have entered into exclusive talks with Iliad SA (ENXTPA:ILD) over the possibility of acquiring Italian frequencies and infrastructure assets and setting up a fourth mobile operator in the country, according to two unnamed sources cited by Reuters. Previous reports have indicated that Wind and 3 Italia S.p.A., have offered to sell assets including 8,000 network sites, frequencies and a roaming deal in a bid to convince EC regulators to approve their proposed merger. The European Commission will now decide whether Iliad can compete effectively with the other three network operators, including Telecom Italia S.p.A. (BIT:TIT). Fastweb Spa has also confirmed its interest in the assets and has reportedly raised its mobile coverage proposal to 100% of Italy’s territory by 2020 in a bid to persuade regulators. The EC’s anti-trust authority is due to issue its decision on the merger on September 8, 2016, but one of the sources said Hutchison and VimpelCom may be told of its decision by the end of the week.
EU's Competition Commission Postponed Decision On Proposed Merger Of 3 Italia And Wind Telecomunicazioni
Jun 10 16
The EU's competition commission has postponed its decision on the proposed merger between Wind Telecomunicazioni SpA and 3 Italia S.p.A.. The watchdog is now due to deliver a ruling on the planned ?€21.8 billion ($24.7 billion) tie-up by September 8, 2016 rather than the previous deadline of August 18, 2016.
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