September 22, 2014 12:50 AM ET

Wireless Telecommunication Services

Company Overview of 3 Italia S.p.A.

Company Overview

3 Italia S.p.A. provides mobile telephony services, video communication services, internet access, and content services including TV, music, games, and news. The company is based in Milan, Italy. 3 Italia S.p.A. operates as a subsidiary of Hutchison Whampoa Ltd.

Via Leonardo da Vinci, 1

Trezzano Sul Naviglio

Milan, MI 20090



39 02 44581


39 024 45 81 27 13

Key Executives for 3 Italia S.p.A.

3 Italia S.p.A. does not have any Key Executives recorded.

3 Italia S.p.A. Key Developments

3 Italia Announces Earnings Results for the First Six Months of 2014

3 Italia announced earnings results for the first six months of 2014. For the period, the company's revenues fell 9% to EUR 815 million compared to EUR 891 million a year earlier, the company blaming the increasingly competitive local market and higher operating costs for the results. The company's EBTIDA also plunged by 46% to EUR 72 million, down from EUR 134 million in the year earlier period, while EBITDA margin in turn declined by 8 percentage points to 11%.

3 Italia And Wind Reportedly Resume Merger Talks

Hutchison Whampoa Limited (SEHK:13) has resumed talks with VimpelCom Ltd. (NasdaqGS:VIP) over merging their Italian mobile firms, 3 Italia S.p.A. and Wind Telecomunicazioni SpA, according to several people familiar with the situation. "The talks are live again," said one of the sources, who asked not to be named. Vimpelcom has hired Morgan Stanley to advise on the deal, while Goldman Sachs is working with Hutchison, said the sources. Mediobanca is also expected to have a role, said the sources. According to Reuters, spokespeople for Vimpelcom, Wind, Hutchison, Goldman Sachs, Morgan Stanley and Mediobanca declined to comment. The parties have held on-off talks for over six months and came very close to agreeing a deal in December, the sources said. The clearance of Hutchison's O2 Ireland acquisition, together with a partial refinancing of Wind's debt, is now creating a new momentum for the deal to happen, said the sources.

Wind And 3 Italia In Merger Talks

Hutchison Whampoa Limited (SEHK:13) and VimpelCom Ltd. (NasdaqGS:VIP) are continuing with talks about a possible merger of their respective Italian mobile phone units, 3 Italia S.p.A. and Wind Telecomunicazioni SpA, La Repubblica reported. Without citing sources, La Repubblica said that under the latest draft agreement 3 Italia would control the majority of the company resulting from the merger, although Wind would retain a stake in the event of a future stock market flotation.

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