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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