Tecom, DIG to buy 35pc of Tunisie Telecom

TUNIS — Tecom Investments and Dubai Investment Group (DIG), both members of Dubai Holding, yesterday officially announced the acquisition of a 35 per cent stake in Tunisie Telecom, Tunisia's state telecom carrier.

By A Staff Reporter

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Published: Wed 19 Jul 2006, 10:31 AM

Last updated: Sat 4 Apr 2015, 3:12 PM

The final purchase price was quoted at $2.25 billion (Dh8.26 billion).

A signing ceremony was held yesterday to finalise the acquisition was attended by Montassar Ouaïli, Tunisia's Minister of Communications Technologies, Ahmad bin Byat, Executive Chairman of Tecom Investments and Soud Ba'alawy, CEO of DIG. Bin Byat stated: "Tecom-DIG's stake in Tunisie Telecom represents our largest investment to date in the sector."

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