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The transaction is expected in the third or fourth quarter of 2018. Veon said that $ 400 million from the sale of Wind Tre will be used to acquire Gth's operations in Pakistan and Bangladesh, for which it invests 2, 55 billion, according to Veon's. agreement with GTH, based in Cairo, should be partially satisfied by baduming there is 1.6 billion debt of Egyptian society. The remaining $ 950 million is expected to be paid in cash and deferred, the group reported. Taking into account that Veon holds 57.7% of Gth, the total net outflows will be about 400 million. According to the management of the company, the acquisition of Gth's business in Pakistan and Bangladesh was completed in the fourth quarter of the year
Despite the strong competition in the mobile phone sector and the contraction revenue, a decline of 4.5% 6 182 billion euros, Wind 3 closed 2017 with an increase in EBITDA of 1.2% to 2,211 billion euros and a generation cash of 954 million. The synergies resulting from the merger between H3G and Wind have paid off. In detail, the Italian mobile operator has recorded synergies for 167 million euros (OpEx), in line with the targets.
Meanwhile, according to news rumors today, it appears that Agcom is ready to issue a new resolution that obliges telecom operators to indemnify fixed (and hybrid) customers for the billing period incorrectly 28 days instead of 30 billing days. The period in question is from June 23, 2017 (deadline fixed by Agcom to comply with it) until early April 2018 (deadline fixed by law). In order to reimburse their customers, telecom operators should return the wrongly billed days or offer other charges (for example in the form of bonus traffic or free services) by December 2018.
Analysts said of Banca Imi, if confirmed, it would be the last chapter of a long saga. The obligation to reimburse its customers (even if it is not in cash but in the form of free traffic) would be another negative factor that would impact the results of the second half of 2018 without counting the $ 30,000. entry of the French operator Iliad and the reduction of regulatory tariffs.
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