Naguib Sawiris, the head of Orascom Telecom and Weather Investments, has confirmed to Canadian journalists that he is in talks with Russian mobile operator Vimpelcom about a possible takeover.
On the table are transactions including Weather’s controlling…
Naguib Sawiris, the head of Orascom Telecom and Weather Investments, has confirmed to Canadian journalists that he is in talks with Russian mobile operator Vimpelcom about a possible takeover.
On the table are transactions including Weather’s controlling stake in Orascom and Italian mobile operator Wind, he said.
He also told Canadian paper Global & Mail that he was willing to speak to “anybody” about a resolution for Algerian unit Dzezzy and the wider group as a whole.
He added that the group’s business in Canada could eventually be on the lookout for local mobile start-ups including Mobilicity and Public Mobile.