December 04, 2016 10:01 AM ET

Wireless Telecommunication Services

Company Overview of 3 Italia S.p.A.

Company Overview

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 Limited.

Via Leonardo da Vinci, 1

Trezzano Sul Naviglio

Milan, MI 20090

Italy

Phone:

39 02 44581

Fax:

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 and Wind Plans to 1,500 Job Cuts Due to Merger

3 Italia and Wind are planning to cut up to 1,500 jobs, equivalent to 16% of the workforce, following their recently-approved merger. The operators are now formally controlled by the joint venture created to combine their businesses after parent companies CK Hutchison and VimpelCom announced the completion of the corresponding transaction earlier this month. The new entity is set to officially begin offering services in January and has set aside up to EUR 500 million to fund voluntary redundancy packages in the first half of 2017, adding that involuntary job cuts are also possible after the first round is completed.

3 Italia S.P.A and Wind Telecomunicazioni S.P.A Announces Executive Appointments to its Joint Venture

CK Hutchison Holdings Ltd. and VimpelCom Ltd. have closed their deal to combine their Italian businesses, 3 Italia S.p.A. and Wind Telecomunicazioni S.p.A. Maximo Ibarra, the current Chief Executive Officer of WIND, will lead the joint venture, supported by Dina Ravera, who will serve as Merger Integration Officer, and Stefano Invernizzi, who will serve as Chief Financial Officer.

The Joint Venture of 3 Italia S.P.A. and Wind Acquisition Holdings Finance S.P.A Receives Regulatory Approvals

Reference is made to the announcement dated 6 August 2015 of CK Hutchison Holdings Limited in relation to the formation of a 50/50 joint venture to jointly own and operate the mobile telecommunications businesses in Italy of 3 Italia S.p.A., an indirect subsidiary of the Company, and WIND Acquisition Holdings Finance S.p.A., a wholly-owned subsidiary of VimpelCom Ltd., and the announcement dated 1 September 2016 of the Company in relation to the decision of the European Commission to approve the Transaction. On 24 October 2016, the final approvals for the Transaction were granted by relevant Italian regulatory authorities. Completion of the Transaction is expected to occur as soon as practicable on or before 31 December 2016.

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Recent Private Companies Transactions

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