Showing posts with label Polkomtel. Show all posts
Showing posts with label Polkomtel. Show all posts

Friday, July 16, 2010

Orascom In Bid To Acquire Polish, Serbian Operators

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.