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