3 Italia IPO expected soon

12 Jan 2006

Hutchison Whampoa could launch an IPO of its Italian 3G division as early next week according to reports. Reuters says sources close to 3 Italia say the process is expected to begin next week, with the float taking place on 9 February. If it goes ahead, this will be the first listing of a pure-play 3G operator. The firm had 4.1 million subscribers at the end of September.

Italy, 3 Italia (H3G Italia)