Orascom Telecom eyeing Polkomtel and Telekom Srbija, newspaper says

16 Jul 2010

Orascom Telecom Holding chairman Naguib Sawiris has told Egyptian state-owned newspaper, al-Ahram that his company is looking at acquiring Polish mobile phone operator Polkomtel and Serbia’s Telekom Srbija. Sawiris did not reveal details of either acquisition. Polkomtel is currently 21.85% owned by Poland’s largest power group, PGE, while oil refiner PKN Orlen and copper miner KGHM Polska Miedz each hold 24.39%. Polish state-owned coalminer Weglokoks has 5%, while Vodafone Group holds 24.39% of shares. Telekom Srbija meanwhile is 80% state-owned, but in March the government announced plans to sell half its stake. Greece’s Hellenic Telecommunications Organisation (OTE) owns the remainder.

Orascom Telecom itself is majority owned by Rome-based Weather Investments. Sawiris and his family own the majority of Weather, which owns 51% of Orascom Telecom Holding, plus Italian cellco Wind Telecomunicazioni and Greek telco Wind Hellas.

Subscribe



Feedback

Have feedback, corrections, or story ideas? Send them to editors@commsupdate.com.

Browse Past Issues

Filter

Filter CommsUpdate by the following categories or use the search.

Search

Visit our help page information on performing advanced searches, including how to restrict the results by country or company.

Advertise

CommsUpdate is an outstanding advertising venue for companies seeking to reach:

  • International carriers
  • Wholesale service providers
  • Equipment and software vendors
  • Telecom investors
  • Regulators

Learn more about advertising on CommsUpdate.

Share