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Sawiris eyes Oi investment

2016-06-27 02:00:00| Total Telecom industry news

Egyptian billionaire talks up troubled Brazilian telco's potential, says he is open to working with LetterOne.

Tags: eyes investment sawiris

 

Sawiris reiterates interest in Telecom Italia, TIM Brasil

2014-09-30 02:00:00| Total Telecom industry news

Businessman says he would be willing to participate in a Telecom Italia capital increase, but only if the telco retains its Brazilan ops.

Tags: interest italia brasil tim

 
 

Sawiris ready to invest $2bn in Telecom Italia if Telefonica exits

2014-04-14 02:00:00| Total Telecom industry news

Egyptian businessman is waiting for Spanish incumbent to make a decision on its own future before making a move for Italian operator.

Tags: ready italia telecom invest

 

Sawiris rekindles Telecom Italia interest, eyes TIM Brasil

2014-01-28 01:00:00| Total Telecom industry news

Investment conditional on Italian incumbent holding onto its Brazilian assets, Telefonica offloading its indirect stake.

Tags: interest eyes italia brasil

 

Sawiris interested in Telecom Italia if Telefonica exits

2014-01-27 10:03:00| Telecompaper Headlines

(Telecompaper) Egyptian tycoon Naguib Sawiris would be prepared to invest in Telecom Italia on condition that the operator's largest shareholder, Telefonica, withdraws, reports Bloomberg, citing comments made by Sawiris in an interview. "I am still interested in Telecom Italia but only on two conditions: that Telefonica exits and that Telecom Italia does not sell Brazil," he said. Last year Sawiris made an unsuccessful offer to acquire a stake in the Italian operator for at least EUR 2 billion, but in the interview he declined to discuss how much he is willing to invest. However, he did add that "from a financial point of view, Telecom Italia still needs a massive EUR 3 to 4 billion capital increase." The Egyptian billionaire, who runs Orascom Telecom, made it clear that, in his opinion, Telecom Italia should hold onto its stake in TIM Brasil. "I think it's not good for Telecom Italia to dispose its stake in TIM Brasil," he said. "It does not make any sense to me, because it will reduce the carrier to a regional company only focused on Italy".

Tags: interested italia telecom exits

 

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