The Story of the greatest
Italian mobile operator
31 million mobile customers and 2.7 million fixed line customers, €7 billion investments in digital infrastructures and €6.49 billion revenues
The greatest mobile operator in the
telecommunication Italian market is born
The new company, born from the 50/50 merger of the two operational companies H3G S.p.A ("3") and Wind Telecomunicazioni S.p.A. (WIND), following the joint venture of the two parent companies CK Hutchison and VimpelCom (now VEON), is an integrated operator on the tlc market.
1st September 2016: The EU Commission approved CK Hutchison and VimpelCom (now VEON) joint venture. The joint venture will unlock €7 billion of investment in Italy’s digital infrastructure, supporting growth across the Country. Customers will benefit from significantly increased download speeds and 4G/LTE coverage, greater reliability and stronger competition.
25th October 2016: CK Hutchison and VimpelCom (now VEON) received final approval from the Ministry of Economic Development (MISE) in Italy for their 50/50 joint venture to merge the mobile businesses of 3 Italia and Wind. The integration of the two companies will be completed 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.
5th November 2016:
CK Hutchison and VimpelCom (now VEON) formally completed the transaction to combine their businesses in Italy, following receipt of all remaining regulatory approvals. 3 Italia and WIND are now formally under the joint ownership of CK Hutchison and VimpelCom (now VEON). Shareholders can now begin finalizing the formal integration of the two companies.
31st December 2016: From January 2017 Wind Tre is operational on the Italian telecommunications market as the largest mobile operator.
The company aims at becoming the key reference player for the fixed-mobile integration and for the development of the new generation fiber networks, mostly thanks to the agreement with Enel Open Fiber for the rollout of the ultra-broadband network in our country.
3rd July 2018: CK Hutschison announces it has reached an agreement to acquire VEON’s 50% stake in Wind Tre . The transaction will bring CK Hutchison to hold 100% of the telecommunications operator. Completion remains subject to regulatory approval in the EU and Italy. The deal is expected to close in Q3 of 2018.