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In 1997, Orascom Telecom Holding (OTH) was established as a separate entity to consolidate the telecommunications and technology interests of the Orascom group of companies established in 1976. [4] Founded in 1998 as part of the Orascom company, it became the largest cellular operator in the Middle East in only five years.
Orascom Construction PLC (OC; Egyptian Arabic: اوراسكوم للإنشاء والصناعه) is an engineering, procurement and construction (EPC) contractor based in Cairo, Egypt. The company was Egypt's first multinational corporation and stands at the core of the Orascom Group companies. OC is active in more than 25 countries.
Telephone company; List of telecommunications companies. List of telecommunications companies in the Americas; List of telecommunications companies in Asia and Oceania
Raya is owned by Vodafone Egypt, Nileonline and Egynet are now owned by Etisalat, TEdata is owned and operated by the oldest telecom company in the region telecom Egypt and link.net is owned by Orascom telecom. On January 27, 2011, almost all internet connectivity to Egypt was shut off by the Egyptian government. [4]
Orascom Telecom Holding was established in 1997, and then Orascom Telecom Media and Technologies, in 2011, until the recent rebranding as Orascom Investment Holding S.A.E. (OIH), of which he is the Managing Director and CEO. [3] In August 2012, Sawiris was appointed chairman of La Mancha Holding. [5]
In 2003, the Sawiris family held the three largest stocks by market capitalization on the Cairo exchange and is currently setting up to be on the American stock exchange: Orascom Telecom, Orascom Construction Industries and MobiNil. [7] He was estimated to be worth approximately $1.2 billion according to Forbes in 2017. [8]
Under CEO Alexander Izosimov, VimpelCom Ltd. acquired Orascom Telecom and Wind Telecom from Naguib Sawiris in 2011. [19] After a number of acquisitions, as of December 31, 2011, VimpelCom Ltd. had 205 million customers across 20 countries, [20] and by 2012 it was the 13th largest mobile network operator in the world by number of subscribers. [3]
Naguib Sawiris is also investor in a highly influential Egyptian independent newspaper Almasry Alyoum and the owner of TV interests, most notably in OTV (Orascom Television). [ 8 ] On 20 July 2018, it was announced that Nassef Sawiris was to become a major shareholder of historic English football club Aston Villa F.C. , through the investment ...