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General

Sawaris keen to invest in Brazil's Oi

Wednesday 22 June 2016 | 12:24 CET | News
Egyptian tycoon Naguib Sawiris has announced his intention to invest in Oi, the Brazilian carrier that filed for bankruptcy protection, Bloomberg reported. Sawiris, who controls a majority stake in Egypt's Orascom Telecom Media and Technology Holding, said Oi has great potential once its debt is restructured and provided the company gets a capital increase and a strong industrial plan. Sawaris said he is ready to invest if he's granted exclusivity for talks. He said Oi needs a shareholder with a strong telecoms background to solve their operational problems in addition to their financial

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Categories: General
Companies: Oi / Orascom Telecom Media and Technology
Countries: Brazil
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