As per the Egyptian billionaire Naguib Sawiris, The company will hold about 51% of a new, publicly-listed company that will include his assets in Egypt that were not part of a $6.5 billion deal with Russian mobile operator VimpelCom Ltd.

According to reports, all assets external to this deal will be included in this new company, which will be listed on the Egyptian exchange. Sawiris is expecting the new company, which hypothetically is called “Orascom Telecom 2″ to be formed in some months. The company would include Sawiris’s share in Egyptian Company for Mobile Services, or Mobinil.

The new company will include assets in North Korea as well as Greece’s Wind Hellas Telecommunications SA, which weren’t the part of the VimpelCom deal.

As per the agreement, VimpelCom will be owned by Sawiris’s Weather Investments S.p.A. with a share of 51.7% of Orascom Telecom Holding SAE and 100% of Wind Telecomunicazioni S.p.A. Orascom Telecom is currently the dominant mobile operator in the Arab world.

According to Sawiris, the company opted to keep the other Egyptian assets out of the VimpelCom deal because they wanted to maintain control of assets within the homeland, especially after a protracted battle with France Telecom over their ownership in Mobinil.

He further revealed that the company is connected to the nation and homeland and Sawiris wants to keep control of the assets. There was practically a fight between Sawiris and France Telecom over Mobinil so there was no way they could then go and sell that.

In April, France Telecom and Orascom Telecom settled their disagreement over Mobinil, ending a three-year dispute, which involved the international arbitration court and Egyptian courts.