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Wednesday, 23 November 2016

NY-based telco acquires Sawiris’ WIS Telecom

The New York-based international telecoms carrier UNIFI Communications Inc. has acquired a 100% stake in WIS Telecom S.p.A. and its subsidiary, WIS Telecom S.A., from Libero Acquisition, an investment arm of Orascom TMT Investments, a company majority owned by Naguib Sawiris. “This transaction comes as part of our strategy to divest non-core assets and consolidate our operations within our new areas of focus,” Sawiris is quoted as saying in a statement.

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