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.
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
