Hutchison, VimpelCom Said in Exclusive Sale Talks With Iliad

  • French carrier would be new entrant in Italy’s phone market
  • Hutchison, VimpelCom selling assets to win approval for merger

Iliad SA emerged as the favored buyer of wireless assets in Italy that would be used to create a fourth carrier in the country as CK Hutchison Holdings Ltd. and VimpelCom Ltd., seeking approval to merge their own units, sell towers and frequencies they don’t need.

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