ATHENS: Egyptian businessman Naguib Sawiris is interested in buying the remaining stake he does not already own in Greek telecom Tellas if it comes up for sale, Greek daily Imerisia reported on Thursday. I want all of Tellas, Sawiris was quoted as saying in an interview with Imerisia. Our biggest challenge is to create a company that encases all our activities.
Sawiris s Weather Investments controls Italian fixed-lined and mobile operator Wind, which owns 50 percent plus one share in Greece s second largest carrier, Tellas. The remaining stake is controlled by Greek utility Public Power Corp (PPC). Weather Investments earlier this month also bought Greece s third largest mobile phone operator, Tim Hellas. Sawiris said he planned to merge Tim Hellas and Tellas s operations within 2007 as part of his plans to provide a strong alternate full-range carrier in Greece, the report said.
