- VimpelCom's (VIP) talks with Hutchison Whampoa (OTCPK:HUWHY) about merging their Italian wireless units are centering on an equal split, says VimpelCom CEO Jean-Yves Charlier.
- A merger's been under discussion for some time, though recent speculation over wrapping a deal in the next three months has centered on the exact split of ownership as a top hurdle, along with net debt at VimpelCom's Wind Telecomunicazioni operator.
- "We are in discussions with Hutchison regarding a possible equal joint venture between Three Italia SpA and VimpelCom's subsidiary Wind Telecomunicazioni SpA," Charlier said in a statement.
- In premarket action, VIP ADRs are up 3.1%.
- Previously: VimpelCom reports Q1 results (May. 13 2015)
- Previously: Bloomberg: VimpelCom, Hutchison agree on Italy merger management (May. 12 2015)