CK Hutchison mulling sale of USD 1 bln Italian tower portfolio – report

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(Telecompaper) CK Hutchison is reviewing options for its portfolio of mobile phone towers in Italy, including a potential sale, according to unnamed sources cited by Bloomberg. The Hong Kong-based conglomerate took full control of Wind Tre earlier this year after acquiring Veon’s 50 percent stake in the Italian operator for EUR 2.45 billion and is now looking to cut debt by divesting all or part of the tower assets, valued at around USD 1 billion, said the sources.
Source: Industry News (syndicated from Telecompaper.com)

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