Wind Telecom S.p.A.

Wind Telecom

Type	Subsidiary
Industry	Telecommunications
Headquarters	Amsterdam, Netherlands
Area served	Italy, Cambodia, Algeria, Bangladesh, Pakistan, Burundi, Zimbabwe, Central African Republic, Egypt, North Korea, Namibia
Products	Mobile telephony, mobile phones retailing
Revenue	USD 7.200 billion
Number of employees	7,000
Parent	Veon
Subsidiaries	Global Telecom Holding

Wind Telecom S.p.A. (former Weather Investments S.p.A), is a privately held telecommunications investment company previously 97% controlled by the Sawiris family (and Mr. Naguib Sawiris) and now owned by the multinational telecommunications company Veon (formerly VimpelCom).

Wind Telecom owns 100% of Wind Telecomunicazioni S.p.A (“Wind”), the third largest mobile operator and second largest fixed line operator in Italy, with more than 19 million mobile subscribers and over 2.9 million direct fixed line subscribers as of November 2010. Wind Telecom also controls and owns 50% plus one share of Orascom Telecom Holding s.a.e. (“OTH”). OTH is a leading international telecommunications company operating Global System for Mobile Communications (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. OTH operates GSM network in Algeria, Bangladesh, Egypt, Iraq, Pakistan and Zimbabwe. OTH had over 56 million subscribers as of March 2007. OTH owns 19.3% of Hutchinson Telecommunication International, a leading telecommunication services provider operating in eight countries. OTH is traded on the Cairo and Alexandria stock exchange (ORTE.CA ORAT EY) and has GDRs traded on the London Stock Exchange (ORTEq.l, OTLD LI).

Wind Telecom S.p.A. is a leading international telecommunications company offering mobile, fixed, Internet and international communication services to about 100 million subscribers in Algeria, Bangladesh, Egypt, Italy, Pakistan and North Korea.

Wind Telecom subsidiary Global Telecom Holding formerly had an indirect equity ownership in Canadian mobile operator Wind Mobile which had been granted a spectrum license in Canada. The company is now independently owned by Canadian telecom company Shaw Communications under the name Freedom Mobile.

Wind Telecom operates through its subsidiaries Orascom Telecom Holding s.a.e. and Wind Telecomunicazioni S.p.A (Italy). Wind Telecom is the entry point of choice for both technically advanced attractive markets and high growth, and under penetrated emerging markets.