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VimpelCom and CK Hutchison receive final regulatory approval for Italy joint venture


25 October 2016: CK Hutchison Holdings Ltd. (“CK Hutchison”), parent company of Italian mobile operator 3 Italia, and VimpelCom Ltd. (“VimpelCom”), parent company of WIND, confirm that they have received final approval from the Ministry of Economic Development (Ministero dello Sviluppo Economico or MISE) in Italy for their 50/50 joint venture to merge the mobile businesses of 3 Italia S.p.A and WIND Telecomunicazioni S.p.A. (“WIND”).
CK Hutchison and VimpelCom welcome the approval, which means that the transaction remains on track to complete by the end of the year. The combined entity will deliver major investment into Italy’s digital infrastructure, bring benefits to consumers and businesses across Italy and unlock significant value through synergies.