Naguib Sawiris, the Egyptian telecoms investor, is mulling ways to re-enter Italy.
Sawiris tried to acquire a stake in incumbent Telecom Italia several months ago, but the company’s board rejected the approach in early December.
In an interview with…
Naguib Sawiris, the Egyptian telecoms investor, is mulling ways to re-enter Italy.
Sawiris tried to acquire a stake in incumbent Telecom Italia several months ago, but the company’s board rejected the approach in early December.
In an interview with Bloomberg he now confirmed his interest in striking a deal in the country.
Sawiris previously owned operator Wind Telecomunicazioni SpA, which he exited in 2011 via a sale to VimpelCom. According to the report he would now consider buying back Wind, but he is also examining other investment opportunities.
Naguib Sawiris is chairman and co-founder of telecoms investment fund Accelero Capital, which was created about a year ago.
Accelero is currently also working on a bid for Wind Canada, which was recently put up for sale by VimpelCom. The investment vehicle has teamed up with founder and current Wind Canada CEO Anthony Lacavera.
