Thursday, January 20, 2011

Tunisia - The fall of the government has forced Tunisie Telecom to delay its IPO

[wireless federation] State-owned telecoms operator Tunisie Telecom (TT) may not be able to go ahead with an investor road show for its planned listing in Paris and Tunis due to the unstable political situation in the country. TT had been expected to hold investor meetings in London, Paris and Switzerland in the coming week.

According to Daniel Broby, chief investment officer at Silk Invest, the state of emergency and departure of the president will clearly delay the Tunisie Telecom IPO. The advisers to the IPO will, in our opinion, have to err on the side of caution and delay to the second quarter or beyond.’ As it stands, Tunisia’s government holds a 65% stake of TT, with the rest held jointly by Dubai’s TECOM Investments and Dubai Investment Group (DIG).

Tunisie Telecom forced to delay its initial public offering (Tunisia)

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