Sunday, 11 December 2016

Sawiris rekindles Telecom Italia interest, eyes TIM Brasil

By Nick Wood, Total Telecom
Tuesday 28 January 14

Investment conditional on Italian incumbent holding onto its Brazilian assets, Telefonica offloading its indirect stake.

Naguib Sawiris has rekindled his interest in taking a stake in Telecom Italia and possibly investing in TIM Brasil, albeit under very specific circumstances. "I am still interested in Telecom Italia but only on two conditions: that Telefonica exits and that Telecom Italia does not sell [out of] Brazil," said the Egyptian billionaire, in a report by Bloomberg on Monday…

Naguib Sawiris has rekindled his interest in taking a stake in Telecom Italia and possibly investing in TIM Brasil, albeit under very specific circumstances. "I am still interested in Telecom Italia but only on two conditions: that Telefonica exits and that Telecom Italia does not sell [out of] Brazil," said the Egyptian billionaire, in a report by Bloomberg on Monday…

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