Hutchison May Sell 3 Italia, But TI Could Not Afford US$6.2bn

摘要

Hutchison Whampoa is reportedly considering selling its Italiann3G mobile network business to rival Telecom Italia. The business,nwhich reported relatively sluggish sales growth in H111, isnunderstood to be worth EUR4.3bn (US$6.2bn). BMI believes thatnprice may be too high for Telecom Italia due to its current financialnshortcomings. Instead, we believe it would make more sense for thenbusiness to be divided up between all players on the market, a moventhat is not without precedence.