Wind Telecom

Wind Telecom S.p.A. (formerly Weather Investments S.p.A.) was an Italian telecommunications holding company owned by the multinational telecommunications company VimpelCom Ltd., originally controlled by Egyptian billionaire Naguib Sawiris. It operated through its subsidiaries Orascom Telecom Holding S.A.E. and Wind Telecomunicazioni S.p.A. since December 2017, when it merged into VimpelCom Holdings B.V. History In June 2005, the company, named Weather Investments S.p.A., bought Wind Telecomunicazioni S.p.A. ("Wind"), the third largest Italian mobile phone operator, The total value of the transaction was €12.2 billion. Also in June 2005, 50% plus 1 share of Orascom Telecom Holding S.A.E. ("OTH") was transferred to Weather Investments S.p.A.