Weather, the investment vehicle of Egyptian billionaire Naguib Sawiris, is now called Wind Telecom
Egyptian mobile operator Orascom Telecom said on Thursday its parent company Weather Investments, which plans a $6.6bn deal to sell assets to Russian operator Vimpelcom, has changed its name.
Weather, the investment vehicle of Egyptian billionaire Naguib Sawiris, switched its name to Wind Telecom on December 30, Orascom Telecom said.
The holding company agreed to sell controlling stakes in Orascom and Italian operator Wind Telecomunicazioni in October, but opposition from Vimpelcom shareholder Telenor has cast doubt on the deal.
It is now reviewing a revised offer for the assets.For all the latest tech news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.