Skip to content
Subscriber Only

Telecom Italia May Acquire Hutchison’s 3 Italia, Corriere Says

Telecom Italia SpA, the nation’s biggest phone company, may acquire 3 Italia SpA, the local wireless operator owned by Li Ka-shing’s Hutchison Whampoa Ltd., Corriere Della Sera reported, without saying where it got the information.

Goldman Sachs Group Inc. and Bank of America Merrill Lynch are working on a merger plan without a formal mandate, the Italian newspaper said today. 3 Italia would be valued at 4.3 billion euros ($6.1 billion) including some tax losses, the report said, citing an estimate by Deutsche Bank AG.