Wind Telecom S.p.A. (formerly Weather Investments S.p.A.) was an Italian telecommunications holding company owned by the multinational VimpelCom Ltd., originally controlled by Egyptian billionaire Naguib Sawiris.
[2] In June 2005, the company, named Weather Investments, bought Wind Telecomunicazioni, the third largest Italian mobile phone operator, The total value of the transaction was €12.2 billion.
[3] Unfortunately, the Greek crisis brought the carrier in deep financial troubles, forcing Sawiris to sell the assets of the holding company (Weather Finance III) to a group of creditors, the SSN Ad-Hoc Committee.
In January 2011, the company decided to change its name to Wind Telecom., due to the intention to bring a new image to the group, focusing to the strong points as leading subject in telecommunications and capitalizing all the value and success achieved by the "Wind" brand in recent years, as declared by Khaled Bichara.
(“OTH”), a leading international telecommunications company operating GSM networks in seven high growth markets in the Middle East, Africa and South Asia, having a total population under license of approximately 460 million with an average mobile telephony penetration of approximately 29% as at Match 31, 2007.