Orascom confirms interest in Brasil Telecom stake

1 Min Read

CAIRO: Phone carrier Orascom Telecom said it had expressed interest in a stake in Brasil Telecom held by Telecom Italia.

In a statement issued on Friday, Orascom – which is headed by Egyptian businessman Naguib Sawiris – said its interest in the stake was in line with its investment strategy.

Shares in Brasil Telecom had risen on Friday on an unsourced report in a newspaper that Orascom might buy a controlling stake.

Share This Article
By Reuters
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms.
Leave a comment