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
VimpelCom And Hutchison In Discussions For Joint Venture
May 13 15
VimpelCom Ltd. (NasdaqGS:VIP) confirmed that it is discussions with Hutchison Whampoa Limited (SEHK:13) regarding a possible equal joint venture between Hutchison’s subsidiary 3 Italia S.p.A. and VimpelCom’s subsidiary Wind Telecomunicazioni SpA. “There can be no assurances that an agreement will be signed and any transaction would be subject to, among other things, achieving satisfactory debt levels and obtaining all required corporate and regulatory approvals,” VimpelCom Chief Executive Officer Jean-Yves Charlier said in the statement. Negotiations between Hutchison and VimpelCom now focus on the structure of the venture, which would have more than 30 million customers and about $7.2 billion in 2014 revenue, people familiar with the matter said this week. The companies are projecting an agreement over the next three months, said one of the people.
Italian Consumers Demand Refund After AGCM Fines Telecom Italia, 3 Italia, Wind and Vodafone Italia
Jan 23 15
Italian consumer association Altroconsumo has called on Telecom Italia, 3 Italia, Wind and Vodafone Italia to refund customers after the country's competition regulator AGCM fined the operators a total of over EUR 5 million for premium mobile services charged without user permission. The watchdog accused the operators of unfair and aggressive commercial practices and of misleading customers by including paid services that weren't requested or were requested unknowingly on their monthly phone bills. Altroconsumo announced that the 'historic' decision but went on to say that 'every single euro, unjustly and wrongfully charged, must be refunded to customers'. The consumer body sent a formal notice to each operator, adding that it would be following the case closely and would proceed to file a collective class action if the operators refused to refund customers for charges incurred after they unknowingly subscribed to premium services.
3 Italia Announces Earnings Results for the First Six Months of 2014
Aug 1 14
3 Italia announced earnings results for the first six months of 2014. For the period, the company's revenues fell 9% to EUR 815 million compared to EUR 891 million a year earlier, the company blaming the increasingly competitive local market and higher operating costs for the results. The company's EBTIDA also plunged by 46% to EUR 72 million, down from EUR 134 million in the year earlier period, while EBITDA margin in turn declined by 8 percentage points to 11%.
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