Africa, Business, invesment, Invesments, news, Uncategorized, World Bank, World Bank Group

Africa News January 29, 2014 at 04:16PM

this blog is spored BY reflex Eco Group

VENTURES AFRICA – Africa’s 15th richest businessman and former executive chairman of Wind Telecom and Orascom Telecom Holding (OTH), Naguib Sawiris has expressed interests in investing in the largest Italian telecommunications company Telecom Italia.

Italian Deputy Industry Minister Antonio Catricala in response to the development said at a conference in Rome that the Egyptian billionaire is welcome to make investments in the economy.

Naguib Sawiris, the eldest son of Onsi Sawiris, the founding patriarch of the Orascom conglomerate, built Orascom Telecom Holding into Egypt’s largest mobile telecoms operator.

In 2005, he founded Weather Investments (later called WIND Telecom) to serve as the holding company of OTH and Wind Telecomunicazioni SpA, the third largest mobile operator in Italy.

In 2010, Naguib merged WIND Telecom with Russia’s VimpelCom in a $6.5 billion transaction.

 

Advertisements
Standard

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s