Bouygues Telecom Submitted Bid For Tunisie Telecom

PARIS -(Dow Jones)- Bouygues Telecom, the mobile telephone division of French construction company Bouygues SA, Thursday said it has submitted a bid for a 35% stake in Tunisia's largest carrier, Tunisie Telecom.

The company declined to disclose the value of its bid.

Telecom Italia SpA (TIT.MI), and Vivendi Universal SA (V) - which holds a majority in Maroc Telecom (IAM.CL) - also took part in the Tunisian auction.

France Telecom SA (FTE) and Spain's Telefonica SA (TEF) are also said to have made bids, according to press reports.

Tunisie Telecom will draw a shorlist of the selected bidders on Sept. 28.

According to one banker, the value of the Tunisie Telecom's stake is around EUR1.3 billion.

By Laetitia Fontaine, Dow Jones Newswires; +33 1 40 17 17 70; laetitia.fontaine@dowjones.com

(END) Dow Jones Newswires"

Posted to the site on 22nd September 2005