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Articles tagged with: Telecom Italia and Q Telecom
Wind Group - ARPU holds up in Italy as Greek business improves profitability
Both European subsidiaries of Naguib Sawiris' Weather Investments have recently reported first quarter results, both showing net subscriber growth of less than 2% in the traditionally slow first quarter. In Greece, the combined total of WIND Hellas and prepaid-only unit Q-Telecom recorded an increase of just 1.3% in Q1. Meanwhile in Italy, WIND managed 1.9% growth, although there is an error margin here of more than 0.3pp due to the fact that customers tnumbers are only released to the nearest 0.1m. more
Related Tags: roaming, arpu, wind, weather-investments, wind-hellas, weather, termination, Italy
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: tim, naguib-sawiris, morgan-stanley
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