Articles tagged with: Wind and Naguib Sawiris

VimpelCom Confirms US$6.8 billion Merger with Egypt's Weather Group

Russia's VimpelCom and Egypt based Weather Investments have finally confirmed long-running rumours and announced a merger that should create the world's fifth largest mobile telecommunications carrier by subscribers, with pro forma net operating revenues of US$21.5 billion and pro forma EBITDA of US$9.5 billion.  more

Related Tags: weather-investments, vimpelcom, telecom, true, Russia


Sawiris Commits to Long-Term Future for Italian Subsidiary

Egypt's Naguib Sawiris has confirmed that he intends to remain a long-term investor in the Italian telecoms market, through his local wind subsidiary. He also committed to investing in a LTE upgrade for the mobile network.  more

Related Tags: weather-investments, vimpelcom, telecom, Italy


Orascom's Sawiris Steps Down as Mobinil Chairman

Egypt's Naguib Sawiris is to stand down as the Chairman of local mobile operator, Mobinil from the end of this month. The company's current CEO, Alex Shalaby will take over as Chairman and his role will be taken up by Hassan Kabbani - currently CEO of Algerian operator, Djezzy.  more

Related Tags: france-telecom, mobinil, orascom, cairo, Egypt


Hutchison Whampoa: Not in Talks With Sawiris on 3 Italia

HONG KONG -(Dow Jones)- Hutchison Whampoa said Thursday it isn't in talks with Egyptian tycoon Naguib Sawiris on selling him its Italian mobile phone unit, 3 Italia.  more

Related Tags: orascom-telecom, credit-suisse, 3, hutchison, hutchison-whampoa, orascom, Italy


Sawiris Denies Report of Buying Burj Dubai Penthouse

Egyptian Telecoms billionaire, Naguib Sawiris has denied a report in a blog that he has purchased the penthouse suite in the Burj Dubai in the United Arab Emirates. Burj Dubai, already the world's tallest building is still under construction and is thought to have a final height of 818 m (2,684 ft) with around 162 floors.  more

Related Tags: orascom, dubai, dubai, son, burj-dubai, wind-telecomunicazioni, United Arab Emirates


Naguib Sawiris Open to Merging Orascom Telecom with Western Telco

Orascom Telecom's CEO, Naguib Sawiris has not ruled out the possibility that the company could merge with another operator in the future - although he has ruled out a complete sale of the company. In an interview with the Financial Times, Sawiris also said some western telecoms companies were "doomed" to lose their places among the 10 largest by market capitalisation unless they increased their emerging markets presence.  more

Related Tags: mtn, orascom-telecom, orascom-telecom-holding, weather, orascom, apax-partners, apax-partners


Sawiris Looking to Sell 10% Stake in Weather Investments

Egypt's Naguib Sawiris says that he plans to sell a 10% stake in Weather Investments, the holding company that owns the Italian mobile operator, wind to a private equity group within the next few weeks. He declined to name the potential purchasers.  more

Related Tags: orascom-telecom, orascom-telecom-holding, weather, orascom, Italy


Egyptian Mobile Operator Orascom Poised For Shopping Spree

BARCELONA (Dow Jones) -- Egyptian mobile operator Orascom Telecom has the cash to make an acquisition of up to US$5 billion, Chief Executive Naguib Sawiris told MarketWatch in an interview Wednesday. more

Related Tags: tim, orascom-telecom, london, hutchison, essar, hutchison-essar, hutchison-telecommunications


Orascom Chm: Weather Investments IPO Not Before 2Q 06

MILAN (MF-Dow Jones)--Orascom Telecom founder and Chairman Naguib Sawiris said Wednesday that an initial public offering of Weather Investments "won't happen before the second quarter of 2006," according to Italian newswire MF-Dow Jones.  more

Related Tags: weather-investments, weather, hutchison-whampoa, dubai, dubai, fastweb


Orascom CEO Interested In TIM Hellas Via Weather Fund

CAIRO -(Dow Jones)- Orascom Telecom Holding Chief Executive Naguib Sawiris is exploring the possibility of bidding for Greek wireless operator TIM Hellas, a spokesman for Sawiris' telecommuncations unit said Tuesday.  more

Related Tags: orascom-telecom, texas, cosmote, orascom-telecom-holding, weather, athens, hellenic-telecommunications-organization, apax-partners, apax-partners


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