A unit of Libya’s sovereign wealth fund, which wants to expand in Africa, is in talks to buy a 35-percent stake in state-owned Tunisie Telecom from a conglomerate owned by Dubai’s ruler, three sources aware of the matter said.
Dubai Holding’s subsidiary, Emirates International Telecommunications (EIT), has put its 35-percent stake in Tunisie Telecom, which it bought for $2.25 billion in 2006, up for sale to cut its debt.
J.P. Morgan Chase valued the stake at $650 million in a July research note.
LAP GreenN officials were not available for comment. EIT would not confirm or deny whether it was selling the stake.
Etisalat, Turkcell, others eye Dubai’s Tunisie Telecom stakeThirteen companies including Abu Dhabi-based Etisalat and Turkey’s Turkcell ... Telecoms
Dubai Holdings’ EIT to sell its stake in Tunisie TelecomDubai Holdings’ Emirates International Telecommunications (EIT) is selling ... Telecoms
Fitch affirms Etisalat at ‘A+’ on Maroc Telecom acquisition announcementFitch Ratings has affirmed UAE-based state-owned Emirates Telecommunications ... Business