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TAGGED AS NAGUIB SAWIRIS

Allstream’s fibre network supports Accelero’s plans for Wind: analysts

telecom | 05/27/2013 8:15 pm EDT

Accelero Capital Holding's deal to purchase Allstream from Manitoba Telecom Services Inc. will give the company a cross-country fibre network that would provide backhaul support for mobile wireless services and bundled Internet, voice and mobile wireless contracts in the business market. That is, of course, if Accelero, based in Paris and co-founded by Egyptian billionaire Naguib Sawiris, succeeds in its offer to purchase Wind Mobile from VimpelCom Ltd. “In Canada you can give an advantage to yourself, radically, if you own your own infrastructure,” Brownlee Thomas, a telecom analyst with Forrester, said in a phone interview. “Anywhere you need fibre, it's going...

Sawiris re-enters Canadian market with deal for Allstream

telecom | 05/24/2013 6:40 pm EDT

Former Wind Mobile backer Naguib Sawiris said he is re-entering the Canadian telecom market with a “long-term commitment” and the purchase of Allstream from Manitoba Telecom Services Inc. in a deal valued at $520 million. Sawiris' Paris-based investment firm, Accelero Capital Holdings, which has also submitted an offer to purchase Wind Mobile Canada from Amsterdam-based VimpelCom Ltd., will purchase the Allstream business services unit and its national fibre network, Accelero said in a release Friday. "This investment reflects Accelero's long-term commitment to the...