Sawiris Talks With Telecom Italia to Buy Matrix, Corriere Says

Egyptian billionaire Naguib Sawiris is in talks with Telecom Italia SpA (TIT) to buy its Matrix internet unit, Corriere della Sera reported, without saying where it got the information. Two other companies are interested in the unit, the Italian daily said.

Cairo Communication SpA (CAI) is in talks with Italy’s biggest phone company to buy a stake in Telecom Italia Media SpA (TME), the newspaper said.

To contact the reporters on this story: Tommaso Ebhardt in Milan at tebhardt@bloomberg.net

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.