Tunisia to Sell 25% Stake in Local Mobile Network
Published on: 27th Jul 2012
Note -- this news article is more than a year old.
The Tunisian government has announced that it plans to sell a quarter of the local mobile network, Tunisiana. The stake was confiscated from the son in law of the ousted president last year.
The Tunisian Secretary of State for Finance Slim Besbes ruled out the possibility that Qatar Telecom (Qtel) which owns the remaining 75% would be able to buy the stake, stating that the participants in the tender could not be an existing telecommunications company.
Qtel had planned to float a portion of its stake on the local stock exchange, but those plans were delayed during the unrest following the ousting of the President.
Bidding for the stake in the company will close in November and is part of a wide reform to sell stakes in state-owned companies, many of which had their holdings seized from the former President and relatives.