- With the merger of Three UK (OTCPK:HUWHY) and O2 (NYSE:TEF) blocked by Europe, casting a shadow on other deals, VimpelCom (VIP +3.1%) still expects it can complete a €21.8B merger in Italy this year.
- The company has been laboring to merge its Italian unit, Wind Telecomunicazioni, with Hutchison's Three Italia to combine the No. 3 and No. 4 mobile operators in the country.
- Europe opened a full probe into the Italy deal in March, and reports say it's getting a tough look.
- VimpelCom gained today as its earnings showed organic revenue growth of 4% and a net profit that rose 3% despite a 19% drop in EBITDA.
- Now read Russian Telecoms: Perspectives And Ideas For 2016 »