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‘Conditions precedent to closing of the transaction were not satisfied,’ CK Hutchison says in exchange filing. The deal, which was announced last May, had set an enterprise value for the joint venture of US$3.7 billion.
Telecom Italia: The completion of the sale has been hampered by separate network agreements between Wind Tre and rival operators, which had forced parties to postpone the deadline for the closing to Feb. 12 and ultimately sunk the deal, sources have said.