An Italian newspaper reported that the Italian government preferred the merger of Telecom Italia with Spain's Telefonica than have Naguid Sawiris acquire a stake in the firm.
Tags: Naguib sawiris
Egyptian Billionaire Naguib Sawiris Will Finalize Acquisition of CI Capital Holding by the End of March
The acquisition will create a second largest investment bank in Egypt. Sawiris acquired CI Capital Holding with its investment arm, Orascom Telecom Media and Technology.
Egyptian billionaire Naguib Sawiris plans to buy an island for Syrian refugees; wants to name it 'Ilan'
Naguib Sawiris, the third richest man in Egypt announced he wants to buy an island either in Greece or Italy to relocate refugees from the war zone, Syria. He wants to name it 'Ilan' to remember Aylan Kurdi, the Syrian boy drowned on Turkish shore.
Russia's Vimpelcom agreed to sell holdings in Orascom Telecom Algeria
Russian telecoms giant Vimpelcom has agreed to let go of its much disputed holdings in Orascom Telecom Algeria to the Algerian government after buying the telecoms firm from Naguib Sawiris in 2010 for $6 billion.
Egyptian mogul Naguib Sawiris eyes a stake in Telecom Italia
Naguib Sawiris has been looking at a potential investment in Telecom Italia, his latest attempt after failing to get hold of stake two years ago, reported Ventures Africa.
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After the Verizon-Vodafone USD130 billion deal, AT&T and Billionaire Tycoon Naguib Sawiris was reported to see Telecom Italia to be its next target.
A source told Reuters that Naguib Sawiris, America Movil and AT&T made preliminary contact with the core investors in Telecom Italia who wanted to exit the company.
Egypt will be seeing more investments from Billionaire Naguib Sawiris and his family. Egypt will be seeing more investments from billionaire Naguib Sawaris.
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