Bloomberg News

Tunisia Plans to Sell 25% of Tunisiana Mobile-Phone Operator

July 26, 2012

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 jlaghmari@bloomberg.net

To contact the editor responsible for this story: Andrew J. Barden at barden@bloomberg.net


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