May 31, 2016 4:33 AM ET

Diversified Telecommunication Services

Company Overview of Tunisie Telecom S.A.

Company Overview

Tunisie Telecom S.A. provides telecommunication services in Tunisia. The company offers fixed, mobile, and satellite telephony services. It also provides ADSL services to its residential and business subscribers. The company also manages Internet access for telecommunications agencies. Tunisie Telecom S.A. was founded in 1995 and is based in Tunis, Tunisia.

Cité Ennassim

Avenue du japon

Montplaisir

Tunis,  1073

Tunisia

Founded in 1995

Phone:

216 7190 1717

Fax:

216 7190 0777

Key Executives for Tunisie Telecom S.A.

Chairman and Chief Executive Officer
Compensation as of Fiscal Year 2015.

Tunisie Telecom S.A. Key Developments

Two Bidders Reportedly For Go

GO p.l.c. (MTSE:GO) is expected to be acquired by one of two Arab companies vying for its majority shareholding. Industry sources said that two final bids were submitted to Go by Batelco (Bahrain Telecommunications Company) and Tunisie Telecom S.A. Sources said that Go was to take the decision on the preferred bidder shortly, possibly by the end of this month. Sources said that although both companies were considered to be financially solid, the decision would be based on many factors but mostly on the price which the two companies are expected to pay for the 60% stake currently held by Emirates International Telecommunications (Malta) Ltd. (Tecom). The final negotiations on the share price to be established for Tecom to sell its shares to the new owner may also affect the share price of the 7,000 other individuals, mostly Maltese who hold shares traded on the Malta stock exchange. Last year, the majority shareholder in Go announced that Tecom Investments of Dubai would be selling their stake.

Tunisie Telecom Workers Went on 2 Days Strike

To aid their need for enhancement in working situation and salaries, Tunisie Telecom employees went on strike on 27th April and 28th April. The protest action is expected to rise in coming days, UGTT union secretary general Mongi Ben Mbarek said a gathering will be held to choose on the next labour action. The protest actions could increase in the next few days, according to UGTT union secretary general Mongi Ben Mbarek, who said a meeting would be held to decide on the next labour action.

Orange Reportedly Offers For Mattel Stake

Orange (ENXTPA:ORA) may acquire stake in La Mauritano-Tunisienne De Telecommunications SA (Mattel). Les Afriques reported that Orange has offered to pay Tunisie Telecom S.A., €50 million in order to acquire 51% stake in Mattel. According to the news report, the offer is short of €75 million sought by Tunisie Telecom. The report further added that Orange is not prepared to pay more because it will have to acquire Mattel debts, which amount to more than €25 million, and invest in network modernization. The matter is at present in the hands of the telecommunications minister, who is likely to make a decision by the end of February 2015. Tunisie Telecom has until March 31, 2015 to give a definitive answer to Orange. According to the report, Wana Corporate, SA (Inwi) is also said to be eyeing buying stake in Mattel.

Similar Private Companies By Industry

Company Name Region
TTE International Middle East/Africa
Tunisie Telecom S.A. Middle East/Africa
Orange Tunisie SA Middle East/Africa
Topnet Ltd Middle East/Africa

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
May 23, 2016
GO p.l.c.
 

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