Italy's Wind Interested In 3, Tiscali, FastWeb Deal - Sawiris
July 11 2011 - 10:53AM
Dow Jones News
Italian mobile operator Wind Telecommunicazioni SpA is ready to
consider integrating with other telecommunications operators in the
country, including Hutchison Whampoa Ltd.'s (0013.HK) 3 Italia, but
it has yet to start talks, a shareholder in Wind's parent company
said Monday.
"We are completely open to integration with all the three
companies you mentioned," Naguib Sawiris told a news conference in
reply to a question about Wind's possible interest in Internet
services provider Tiscali SpA (TIS.MI), 3 Italia and FastWeb
SpA.
"There are synergies for sure, but there's nothing concrete
right now," he added.
Sawiris, an Egyptian billionaire, didn't elaborate.
He has become a shareholder of VimpelCom Ltd. (VIP) after
completing the $6 billion sale of telecommunications assets held by
Orascom Telecom Holding (ORTE.CI) to the Russian telecommunications
operator in April.
The assets include a stake of more than 50% in Wind.
FastWeb, a unit of Swisscom AG (SCMN.VX), runs a fiber-optic
network.
-By Giada Zampano and Gilles Castonguay, Dow Jones Newswires;
+39 02 5821-9908; gilles.castonguay@dowjones.com
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