VimpelCom (VIP) Ratings Affirmed by Moody's Amid New Italian JV
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CK Hutchison and VimpelCom to form joint venture of their telecoms businesses in Italy
August 6, 2015 8:08 AM EDTHONG KONG and AMSTERDAM, Aug. 6, 2015 /PRNewswire/ -- CK Hutchison Holdings Ltd. ("CK Hutchison"), parent company of Italian mobile operator 3 Italia, and VimpelCom Ltd. ("VimpelCom"), parent company of WIND, have entered into an agreement to form a 50/50 joint venture that will own and operate their telecommunications businesses in Italy. Â
By combining their businesses, 3 Italia and WIND will gain the scale and more efficient cost structure needed to enable them to continue to offer innovative, competitively-priced telecoms services and to compete even more aggressively in the Italian market place. The combination of the two networks, together with significant... More
