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

Wind Tre is the largest mobile operator with 31 million customers and 2.7 million fixed customers. On 31 December 2016, VimpelCom (now VEON) and CK Hutchison formally launched the company which will be leader on the Italian telecoms market panorama.
 
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), will be headed by Maximo Ibarra. Wind Tre is an integrated operator on the tlc market.

Merger steps

6th August 2015: CK Hutchison and VimpelCom (now VEON) announced an agreement to form a 50/50 joint venture to own and operate their telecommunications businesses in Italy. Thanks to this integration, 3 ITALIA and WIND will have the scale and strength to continue to offer innovative telecommunication services at competitive prices and become a stronger player in the Italian 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.
The combined network, together with further significant investments, will provide Italian users with unmatched network quality and will accelerate the availability of high-speed mobile and fixed broadband services. With over 31 million mobile customers and 2.8 million fixed line customers (of which 2.5 million are fixed broadband customers), the combined business is expected to generate €5 billion benefits less integration costs. The joint revenue of both companies in 2015 was €6.25 billion. The transaction is one of the largest M&A deals to be done in Italy since 2007.

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.