Hong Kong conglomerate Hutchison Whampoa and Russian telco VimpelCom have confirmed they are discussing a potential joint venture between Hutchison's 3 Italia unit and VimpelCom subsidiary Wind Telecomunicazioni.
The creation of the partnership-- envisioned as a equal joint venture-- would create a telecom player taking up roughly a third of Italy's mobile market.
Talks between Hutchison andf VimpelCom on the possible tie-up have started and stopped on a number of occasions, casting doubt on whether a deal will ultimately be inked.
On Wednesday, the Russian company struck a cautionary tone, advising that there are no assurances an agreement will be signed....
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