Tunisian government has 10% holding in Tunisiana
Tunis - Azhar Jarboui
Qatari operator Qtel purchased a 15 percent stake in Tunisian telecommunication company Tunisiana, on Monday.
The agreement with the Tunisian Government saw Qtel pay $360m for the new share. National Mobile Telecommunications Company, a 92.1% subsidiary of Qtel, already has a direct holding of 75% in Tunisiana.
Following completion of the transaction, Qtel and its subsidiaries' total holding in Tunisiana will increase to 90 percent, a statement said.
The Tunisian Government will retain a 10 percent holding in Tunisiana with a view to offering it in public, in the future.