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Articles tagged with: Weather Investments
Wind Hellas Seeking to Restructure Debt
The parent company of Greek mobile network operator, Wind Hellas says that it is in talks with its majority shareholder, Weather Investments to restructure its debt as the company faces increased competition in the local telecoms market. The company ended July with debt of EUR 3.2 billion. more
Related Tags: wind-hellas, orascom, Greece
WIND Hellas - Budget brand continues to burgeon
The Weather Investments-backed company WIND Hellas operates two brands in Greece, WIND and Q-Telecom. The combined customer total of the two was 5.27m at the end of Q1 09, a gain of 73k in the quarter and 687k in the year. Both of these figures showed improvements compared to the year-earlier figures of 59k and 418k respectively. On a proportionate basis, annual growth stood at 15.0%, up from 10.0% for the prior twelve-month period. more
Related Tags: wind-hellas, q-telecom, weather, Greece
Comptel Wins Greek Number Portability Contract
Greek operator WIND Hellas has selected Comptel to provide a Provisioning and Activation Solution, as well as Mobile Number Portability (MNP) functionality. This deal follows the announcements in 2007 of Comptel being chosen as preferred supplier by Orascom Telecom, which is controlled by Weather Investments - the owner of WIND Hellas. more
Related Tags: wind, mobile-number-portability, number-portability, oss, wind-hellas, weather, comptel, orascom, Greece
Fitch Downgrades the Debt Ratings of Greece's WIND Hellas
Fitch Ratings has downgraded Greek mobile operator, WIND Hellas' Long-term Issuer Default Rating (IDR) to 'B-' (B minus) from 'B' on concerns about its leverage and future cashflow generation. The short-term rating is affirmed at 'B'. The outlook is Stable. more
Related Tags: arpu, fitch-ratings, driving, wind, capex, termination-rates, tax, wind-hellas, weather, fitch, Greece
Wind Group - ARPU holds up in Italy as Greek business improves profitability
Both European subsidiaries of Naguib SawirisĂ' 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, telecom-italia, wind, wind-hellas, q-telecom, weather, Italy
Sawiris Denies Italian Corruption Claims
Eygptian telecoms billionaire, Naguib Sawiris has denied Italian police allegations he could be involved in a corruption scandal over the 2005 acquisition of Italian mobile phone operator Wind. In a statement, he denied even being told that there is an investigation at all. more
Related Tags: naguib-sawiris, police, weather, Italy
France Telecom Denies Wants To Buy Stake In Weather Holdings
LONDON -(Dow Jones)- France Telecom denied a report Thursday that it may bid for a stake in Weather Investments, the holding company that owns Italian telecommunications operator Wind. more
Related Tags: france-telecom, wind, weather
Tim Hellas - Seasonality Continues as Weather Moves In
With the mobile community's focus on Vodafone's multi-billion dollar acquisition of Hutch in India, which was confirmed on Sunday 11th February, it might have been easy to miss the news a few days earlier that Weather Investments - the vehicle of Orascom's owners the Sawiris family, which also owns Wind in Italy - had agreed to acquire Greek operator TIM Hellas from the private equity funds Apax Partners and Texas Pacific Group (TPG) which purchased it in June 2005 from Telecom Italia. more
Related Tags: texas, tim, wind, cosmote, weather
Orascom Favors Hutchison Telecoms Dividend
BARCELONA -(Dow Jones)- Orascom Telecom Holding believes Hong Kong-based Hutchison Telecommunications International should consider paying a dividend to shareholders following the sale of its Hutchison Essar unit, Orascom Chairman Naguib Sawiris said Wednesday. more
Related Tags: tim, orascom-telecom, bharti, naguib-sawiris, orascom-telecom-holding, hutchison, essar, weather, hutchison-essar
Enel Denies Report Of Quick Sale Of 26% Weather Stake
ROME -(Dow Jones)- Italy's largest electricity company Enel, Friday denied a newspaper report that it plans to proceed speedily with the sale of its 26% stake in telecommunications group Weather Investments to Egyptian Chairman Naguib Sawiris, who owns the rest of the company. more
Related Tags: wind, orascom-telecom, weather