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EIT to offload 35% Tunisie Telecom stake

Emirates International Telecommunications (EIT) is involved in exclusive talks with investment firm Abraaj Group regarding the sale of its 35% stake in Tunisie Telecom (TT). Unconfirmed reports claimed that EIT had agreed a price of around USD700 million for its shares in the telco. Relating to the deal, Abraaj has faced scrutiny from the government, with Minister of Technology and the Digital Economy Maarouf Anwar quoted as saying: ‘The ministry is keen to safeguard the interests of Tunisia and will not accept any partner not corresponding to those interests…Although the state owns 65% of the shares in Tunisie Telecom, it does not have the latitude to refuse a new partner, but it has the right to check its profile.’



Source: https://www.telegeography.com/products/commsupdate/articles/2016/12/02/eit-to-offload-35-tunisie-telecom-stake/

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