Etisalat prequalifies for Tunisia Telecom bid
Emirates Telecommunications Corporation- Etisalat - has announced its prequalification for the bid that will soon be underway in Tunisia. The Corporation has been selected along with 12 other international companies, who will all participate in a bid to purchase 35 per cent stake in the Tunisian government-owned Tunisia Telecom.
The Tunisian government is expected to issue an information memorandum and a tender document within a week of announcing the prequalified companies.
Etisalat Chairman and CEO, Mohammad Hassan Omran, said: “Etisalat will be entering this market by partnering with other entities to form a consortium. We will then contract a consultant to participate with us in the due diligence process scheduled for November. The final bid process is expected to be in December 2005, and the final dates and procedures will be announced soon.”