3GScottishUser
10th February 2006, 07:54 PM
From Cellular News (10/02/2006):
MILAN (MF-Dow Jones)--The board of Hutchison Whampoa Ltd.'s mobile telephone unit 3 Italia SpA has decided to delay its long-awaited initial public offering of shares, a person familiar with the matter said Friday.
According to the person, the 3 Italia board decided at a meeting earlier Friday to delay the planned listing, on concerns investor response to the offer might fall short of the company's own valuation of its worth. The decision follows a deterioration in market sentiment toward the telecommunications sector in general.
http://www.cellular-news.com/story/16061.php
MILAN (MF-Dow Jones)--The board of Hutchison Whampoa Ltd.'s mobile telephone unit 3 Italia SpA has decided to delay its long-awaited initial public offering of shares, a person familiar with the matter said Friday.
According to the person, the 3 Italia board decided at a meeting earlier Friday to delay the planned listing, on concerns investor response to the offer might fall short of the company's own valuation of its worth. The decision follows a deterioration in market sentiment toward the telecommunications sector in general.
http://www.cellular-news.com/story/16061.php