Wednesday 26 June 2013

UPDATE 1-Dubai hires C.Suisse for Tunisia telco stake sale-sources | Reuters

"Dubai Holding's telecoms unit has hired Credit Suisse as a financial adviser to sell its 35-percent stake in state-owned Tunisie Telecom, three banking sources aware of the matter said.

The unit - Emirates International Telecommunications (EIT) - is stepping up sales from its telecoms portfolio as part of a wider strategy by the emirate's state-linked firms to sell assets to repay its debt pile.

EIT has already put its 26-percent stake in mobile telephone retailer Axiom Telecom on the block and has hired Citigroup Inc as an adviser, sources told Reuters earlier in the week."

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