May 05, 2016 2:46 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 Ltd.

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

EU Opens In-Depth Investigation Into Hutchison, Vimpelcom Italian Deal

European Union antitrust regulators have opened an in-depth investigation into CK Hutchison Holdings Limited (SEHK:1) planned merger of its Italian mobile telecoms business with unit of VimpelCom Ltd. (NasdaqGS:VIP), on concerns it could lead to higher prices for consumers. "The Commission has concerns that the transaction could lead to higher prices, less choice and reduced innovation for mobile customers in Italy," the European Commission said in a statement. The companies said in a joint statement they had expected the deal to be investigated and would cooperate. "The combined business will have the scale, financial strength and a more efficient cost structure to offer Italian consumers and businesses a state-of-the-art network," the statement said. The proposed merger of Hutchison's 3 Italia S.p.A. and Vimpelcom's Wind Telecomunicazioni SpA will reduce the number of mobile network operators in Italy from four to three, a reduction which competition regulators think could lead to higher prices for users. The Commission has 90 days, until August 10, 2016, to decide whether to approve the merger.

3 Italia Unveils New Range of Prepay Offers

3 Italia has launched a series of new consumer-oriented prepay offers under the names Casa3 and Free Ricaricabile. The Casa3 home-based offer comes with 30GB in mobile data plus unlimited nighttime traffic via the bundled PocketCube 4G-LTE Wi-Fi router and unlimited calls starting at EUR 15 per month. The offer can be combined with the All-In 400 prepay deal with 400 minutes of calls and 400 SMS, plus 4GB of mobile data. The Free Ricaricabile offer is an extension to prepay subscribers of the Free promotion launched last summer, whereby customers can acquire the latest high-end smartphone every 12 months without having to pay the remaining monthly installments on their old handset. The new Free offer is available from 11 March at monthly rates starting at EUR 25.

3 Italia Announces Earnings Results for the First Half of 2015

3 Italia announced earnings results for the first half of 2015. The company revenues rose 8% to EUR 881 million in the first six months of 2015, compared to EUR 815 million a year earlier. The operator's net service revenues also increased by 7% to EUR 710 million, while the company's EBTIDA soared by 36% to EUR 98 million compared to EUR 72 million in first half of 2014. Operating profit (EBIT) rose to a positive EUR 39 million from negative EUR 71 million a year earlier with the EBITDA margin inching up by two percentage points to 13%.

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