Sawiris tells Canada he’s no spy; re-directs investment to Egypt

By Nizar Manek, 14 October 2013
(Ahram Online) --
Naguib Sawiris vows never to invest in Canada again after Harper government blocks takeover of Allstream on grounds of ‘national security’
Spurned by Canada’s federal government that last week branded his interest in the country’s telecoms sector a national security concern, Egyptian billionaire Naguib Sawiris has pledged not to invest “even a single penny” in the country.
“I am finished with Canada, I tell you!” the telecoms tycoon told Ahram Online after the fibre optic company he thought he was set to acquire for C$520 million ($US504 million) said it was 'extremely surprised and disappointed’ Canada blocked the bid.
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