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

摘要

Hutchison Whampoa is reportedly considering selling its Italian n3G mobile network business to rival Telecom Italia. The busi-nness, which reported relatively sluggish sales growth in H111, is nunderstood to be worth EUR4.3bn (US$6.2bn). BMI believes that nprice may be too high for Telecom Italia due to its current financial nshortcomings. Instead, we believe it would make more sense for the nbusiness to be divided up between all players on the market, a move nthat is not without precedence.