Hutchison wins EU antitrust nod for $2.9 billion euro Wind Tre deal

Image
Reuters BRUSSELS
Last Updated : Aug 31 2018 | 8:05 PM IST

BRUSSELS (Reuters) - CK Hutchison secured EU antitrust approval on Friday for its 2.45 billion euro ($2.9 billion) deal to buy out Veon from their Italian joint venture Wind Tre.

Hutchison said in July it would buy full control of the Italian venture from Veon as the Amsterdam-based telecoms operator looked to cut debt and focus on emerging markets.

(Reporting by Foo Yun Chee; Editing by David Goodman)

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Aug 31 2018 | 7:56 PM IST

Next Story