Qatar Telecom has reached agreement with the Tunisian Government to acquire a further 15% stake in Tunisiana for a total consideration of $360m.
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%.
The Tunisian Government will retain a 10% holding in Tunisiana with a view to a public offering in the future.
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