Abraaj enters Tunisian market with a Stake in Tunisie Telecom

Abraaj enters Tunisian market with a Stake in Tunisie Telecom

A leading investor operating in growth markets announced now it has entered into a definitive agreement to purchase, through its funds, a significant minority stake in Tunisie Telecom. Abraaj enters Tunisian market with a Stake in Tunisie Telecom.

According to the Tunisie Telecom it is the incumbent integrated telecom services operator in Tunisia and serves over five million customers. The company has state of the art infrastructure, operating a national structure of fixed networks and fiber which enables connectivity to Europe, Africa and Asia. As well as providing the most extensive 3G and 4G mobile coverage in the country.

Abraaj enters Tunisian market with a Stake in Tunisie Telecom

The Tunisie Telecom is one of most dynamic operators in the region through several acquisitions that have helped grow the company. It holds assets in Malta, Cyprus and Mauritania. The company owns leading incumbent operator Go Malta, which offers multi play services such as landline, mobile and broadband.

Recently in partnership with the management team of Tunisie Telecom and Government of Tunisia has developed a robust value creation strategy to grow the company as a pan Mediterranean telecom leader. By leveraging Tunisie Telecom’s talent and network leadership, the group will assist Tunisie Telecom in enhancing its customer service experience and development of 4G and LTE technologies to capture growing market demand.

Partner & Head of Middle East-North Africa at The Abraaj Group, Ahmed Badreldin Said :

This is a landmark transaction for Abraaj, as it marks our first investment into the telecommunications sector, as well as our 10th investment in Tunisia. The telecommunications industry in Tunisia is experiencing exponential growth driven by favorable government policies and a rapidly evolving economy.

Further that we see immense potential for the sector to advance further. We are also partnering with a market leader in this dynamic sector. Driven by strong consumer demand. Although Tunisie Telecom is well positioned to capture greater market share and cement its leading position in Tunisia and beyond.

Also Read : Jamii Telecom Now launches 4G Network in Kenya Under Faiba Brand

Newsletter sign up