However, the proxy referred to Sawiris' bid as "highly conditional, " and TIM Hellas' owners rejected it.

FORBES: Magazine Article

Meanwhile, Orascom Telecom has nominated Khaled Bicharaha, its chief executive, to replace Sawiris as executive chairman, pending board approval.

FORBES: Egyptian Billionaire Naguib Sawiris Dumps Business For Politics

Italian police allege 11 people, including Sawiris, were involved in illegal kickbacks related to the Enel sale of Wind.

FORBES: Sawiris' Telecom Shuffle

Now both Apax and TPG are considering buying a stake in Sawiris' firm, the Wall Street Journal reported in October.

FORBES: Innocents at Home

Egyptian billionaire Naguib Sawiris has proved once again his estimable ability to make a buck in the face of adversity.

FORBES: Sawiris' Telecom Shuffle

But Mr. Sawiris, the businessman, said on Sunday that protesters widely assumed his involvement, and that it had led to his arrest.

WSJ: Google Executive Emerges as Key Figure in Revolt

They got mad when Li sold a minority stake in Hutchison Telecom, the 67% shareholder in Hutchison Essar, to Egyptian telecom company Orascom (controlled by Egyptian billionaire Naguib Sawiris).

FORBES: Magazine Article

The Sawiris family and Abraaj Capital, which together own 60 percent of Orascom, are also participating in the tender and have submitted all their OCI GDRs to exchange for OCI N.

FORBES: Bill Gates And Other U.S. Investors Buy $1 Billion Stake In Egyptian Construction Firm

One month after merging his telecom holdings with Russian mobile phone services operator, Vimpelcom, Egyptian billionaire Naguib Sawiris has announced that he is giving up his role as the executive chairman of Orascom Telecom in order to pursue his political ambitions.

FORBES: Egyptian Billionaire Naguib Sawiris Dumps Business For Politics

Sawiris denies any wrongdoing.

FORBES: Magazine Article