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Tag: sawiris
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