Deals
Sky, Iliad Said Among Suitors Weighing Italian Wireless Assets
- Vimpelcom, CK Hutchison seeking to sell towers, spectrum
- Fastweb, Tiscali also in talks with owners of Wind, 3 Italia
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VimpelCom Ltd. and CK Hutchison Holdings Ltd., seeking to address antitrust objections to the planned merger of their Italian mobile-phone units, are in talks with Sky Plc, Iliad SA and other suitors to sell assets that would be used to create a new wireless network in the country, according to people familiar with the matter.
The talks are fluid and it’s too soon to tell who will ultimately join forces, said the people, who asked not to be named because the negotiations are private. Swisscom AG’s Italian unit, Fastweb SpA, and Tiscali SpA, the Italian internet service provider, are also having discussions with VimpelCom’s Wind Telecomunicazioni SpA and Hutchison’s 3 Italia, people said.