WINDTRE is an Italian telecommunications company offering fixed and mobile connectivity and distribution services. Employing approximately 4,160 people, it is headquartered in Italy and operates as a subsidiary of CK Hutchison Holdings Limited. Its business focuses on providing telecommunications services within the Italian market.
On February 13th, CK Hutchison Holdings cancelled the sale of a majority stake in its Italian network infrastructure portfolio to EQT AB due to unsatisfied conditions precedent. Separately, on an unspecified date, Italy’s finance police launched an investigation into the company’s Italian telecommunications unit, Wind Tre SpA, regarding potential tax evasion during a €3.4 billion asset sale to Cellnex Telecom SA. The investigation focuses on whether registration taxes were paid on the sale of thousands of mobile phone masts. In other news, Wind Tre SpA agreed to acquire the infrastructure and commercial activities of Opnet SpA, a wireless broadband operator, for €485 million. Jefferies also sold its OpNet operations to Wind Tre SpA for €485 million.
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