(Bloomberg) -- Egyptian billionaire Naguib Sawiris
may sell the Italian telephone towers held by his Wind
Telecomunicazioni SpA wireless business to help cut debt, said
three people with knowledge of his plans.
Sawiris's Weather Investments Srl contacted investment banks
and may name an adviser on the potential sale soon, said the
people, who asked not to be identified because the talks are
confidential. The towers are valued at 1 billion to 1.5 billion
euros ($2 billion) at a minimum, one of the people said.
Read more at Bloomberg Exclusive News
may sell the Italian telephone towers held by his Wind
Telecomunicazioni SpA wireless business to help cut debt, said
three people with knowledge of his plans.
Sawiris's Weather Investments Srl contacted investment banks
and may name an adviser on the potential sale soon, said the
people, who asked not to be identified because the talks are
confidential. The towers are valued at 1 billion to 1.5 billion
euros ($2 billion) at a minimum, one of the people said.
Read more at Bloomberg Exclusive News
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