Qtel raises stake in Tunisiana to 90%

Qatar Telecom has acquired a further 15 per cent stake in Tunisiana for a total consideration of US$360 million. The stake was purchased from the Tunisian government.

Wataniya, a 92.1 per cent subsidiary of Qtel has a direct holding of 75 per cent in Tunisiana. Following completion of the transaction, Qtel and its subsidiaries’ total holding in Tunisiana will increase to 90 per cent. The Tunisian government will retain a 10 per cent holding in the cellco with a view to a public offering in the future.