Allen & Overy advises VimpelCom on merger of 3 Italia S.p.A. and WIND Telecomunicazioni S.p.A.
Allen & Overy is advising VimpelCom, parent company of WIND, on its agreement to form a 50/50 joint venture with CK Hutchison Holdings Limited (CK Hutchison), parent company of Italian mobile operator 3 Italia.
The joint venture combines Italy’s third and fourth largest telecommunications companies to create the number one operator in Italy for mobile customers. By combining the two businesses the enlarged company will have more than 31 million customers and will deliver significant synergies of more than EUR5 billion.