Sawiris had unsuccessfully attempted to buy a stake in Telecom Italia in 2012
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The report said that Sawiris, who runs Orascom Telecom Media and Technology, stressed that he was not considering an unsolicited bid for TIM and that he had not held talks with either Telecom Italia or Telefonica.
The Italian government preference might stand between Sawiris and Telecom Italia
The deal may put Sawiris in conflict with Telecom Italia’s controlling shareholders