The TIM Hellas transaction marks another phase in Sawiris’s ever-growing telecommunications group, which hopes to gain a 100% stake in another Greek company, Tellas, and enter new Asian markets, such as North Korea, later this year.
Weather Investments now owns 100% of TIM Hellas after buying out private equity firms Texas Pacific Group and Apax Partners for €500 million. A statement from Weather said that the deal would be financed with debt provided by Citi, Banca IMI and Deutsche Bank. The deal, which was...
