Tunisia Plans to Sell 25% of Tunisiana Mobile-Phone Operator
Tunisia plans to sell 25 percent of Tunisiana, the country’s second-largest mobile-phone network operator, in an auction, the government said today.
“Financial companies and investment funds only are concerned with the offer, which opens on 27 July with a November 2 deadline,” Slim Besbes, a finance ministry director, said at a press conference.
Sakhr El Matri, son-in-law of Tunisia’s former president Zine El Abidine Ben Ali, owned the stake prior to the 2011 revolt that toppled the regime. The government subsequently acquired ownership.
The share sale aims at “maintaining the economic system and preserving jobs in the confiscated company,” Besbes said.
Tunisiana is majority-owned by National Mobile Telecommunications Co., the Kuwait-based unit of Qatar Telecom QSC. (QTEL)
To contact the reporter on this story: Jihen Laghmari in Tunis at firstname.lastname@example.org
To contact the editor responsible for this story: Andrew J. Barden at email@example.com
Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.