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Tag: sawiris
Egypt's Sawiris plans bid for TIM Brasil to avoid breakup - paper
2014-01-26 05:27:29| Telecom - Topix.net
"That is an idea defended by Telefonica on the board of Telecom Italia and I am vehemently against it, because it will devalue not just Telecom Italia shares, but also the assets of all the parts," said Sawiris, a minority shareholder of the Italian company.
Sawiris 'finished' with Canada after telco rejection
2013-10-17 02:00:00| Total Telecom industry news
Egyptian businessman brands government decision to block $520 million Allstream bid a farce.
Tags: canada
finished
rejection
telco
Sawiris confirms Telecom Italia stake interest
2013-09-09 02:00:00| Total Telecom industry news
Egyptian businessman remains cautious after report claims Rome more interested in tie-up with Telefonica.
Tags: interest
italia
telecom
stake
Sawiris confirms interest in Telecom Italia
2013-09-08 13:20:00| Telecompaper Headlines
(Telecompaper) Egyptian tycoon Naguib Sawiris is still interested in taking a stake in Telecom Italia but might be discouraged if the Italian government was opposed. In an interview with Reuters, Sawiris said he was considering a "potential investment in Telecom Italia" but might not submit a proposal "in view of (Italy's)... alleged preference for Telefonica reported in the Italian press." Earlier, an Italian newspaper reported that the Italian government would prefer a merger between Telecom Italia and Telefonica rather than an investment by Sawiris. However in an interview with Reuters, Italy Economy Minister Fabrizio Saccomanni said Rome welcomed foreign investments and companies should be left to decide on their future strategy. "We don't have any strategy to prevent such investments," the minister said on the sidelines of the Ambrosetti forum in Cernobbio. "We don't necessarily have a role to play in single negotiations and I think it should be up to the companies involved to decide on the terms and conditions for foreign takeovers." In a related development, insurance company Generali said it was willing to sell its stake in Telecom Italia in order to focus on its insurance business, but would decide on the timing of any potential sale after the board meeting on 19 September.
Tags: interest
italia
telecom
confirms
Sawiris eyes Telecom Italia, but concerned about Rome
2013-09-07 17:46:20| Telecom - Topix.net
Egyptian telecoms tycoon Naguib Sawiris said on Saturday he was still interested in taking a stake in Telecom Italia but might be discouraged if the Italian government was opposed.
Tags: eyes
italia
concerned
telecom