Articles tagged with: Q Telecom and Morgan Stanley

TIM Greece Sold to Egyptian Weather Group

Weather, backed by Egypts's Naguib Sawiris has paid EUR3.4 (US$4.4) billion for Greece's TIM Hellas. The sale price includes EUR500 million of equity plus EUR2.9 billion of net debt at year end 2006. Apax and TPG initially acquired TIM Hellas from Telecom Italia in June 2005 for EUR1.6 (US$2) billion. In January 2006 the consortium completed the follow-on acquisition of q-telecom, the fourth largest Greek mobile operator from Info-Quest S.A. for EUR360 (US$466) million. more

Related Tags: telecom-italia, tim, naguib-sawiris