Weather Investments – holding company and owner of Italy’s Wind and Egypt’s Orascom – is close to selling a 10% stake in its operation to a private equity group.
Italian operator Wind is close to selling a 10 percent stake in the company to three private equity groups for about €1 biliion, writes the Financial Times. Wind’s holding company Weather will sell a 5 percent stake to Apax Partners, while TA Associates and Madison Dearborn together will buy a further 5 percent stake.
The planned US$2.2 billion sale of Italian mobile operators Wind and 3 Italia’s jointly-owned mobile tower business – known as Eiffel – has fallen through, reports Telegeography. Digital Multimedia Technologies, the intended buyer, said in a statement the sale was “definitely over.”
Italian telecoms regulator, the Ministero dello Sviluppo Economico (MdSE), has awarded the 3G spectrum vacated by Italian mobile operator Ipse 2000 to existing operators Vodafone Italia, Telecom Italia (TIM) and Wind following a short auction.