Telecom Italia SpA Halts Merger Talks With Hutchison Whampoa Ltd's H3G-DJ

Thursday, 4 Jul 2013 11:48am EDT 

Dow Jones reported that Telecom Italia SpA said it had pulled out of a deal with H3G, part of Hutchison Whampoa Ltd, as there were no elements to start a negotiation, the Company said in a statement. No further details were provided. Last April, Telecom Italia had started discussing a possible integration with H3G, aiming at potentially merging the Italian mobile activities of the two companies. But Hutchison Whampoa said it must become Telecom Italia's shareholder before talks could go ahead. 

Company Quote

0.0045 +0.51%
23 Dec 2014