October 6, 2010
If you haven't heard already, then let us be the first to tell you!
Mr. Sawiris and VimpelCom have merged to create the world's 5th largest phone company by subscribers!
VimpelCom will own Sawiris’ Weather Investments' 51.7 percent stake in Egypt’s Orascom Telecom and all of Italian mobile operator Wind. Weather shareholders will get 20 percent of new VimpelCom shares valued at $4.72 billion at current prices and $1.8 billion in cash.
We don't know what exactly Mr. Sawiris is up to, but we sure as hell know he can do no wrong, the billionaires long term plans always tend to be on the right track!