Months of negotiations have resulted in a historical merger, valued at ?21.8 billion, which is likely to revolutionise the Italian market of mobile phone services as it will establish the biggest mobile network operator in Italy, Europe's fourth-largest telecommunications market. The combined 3 Italia and Wind operations will have more than 31 million mobile subscribers and 2.8 million fixed-line customers and generate significant savings for the two companies. "Today marks a major milestone in the development of Italy's digital economy," CK Hutchison Group co-managing director Canning Fok Kin-ning said. "Not only will the transaction create a strong new competitor in the Italian market, it will also provide significant additional investment to drive the development of Italy's digital infrastructure." Actually, the new joint venture is planning in our country an impressive ?7 billion investment, whose details were not yet provided. On top of that, we can expect a better call quality and strengthened data services, starting from 2017, according to Jean-Yves Charlier, the chief executive of VimpelCom, who also announced the creation of a world-class 4G network in Italy.