Orange Tunisia majority shareholder to be nationalised?

2 Mar 2011

Reuters is reporting that Orange Tunisia may gain a new majority shareholder, following rumours that the incoming government is considering nationalising the 51% held by Investec, owned by Marwan Mabrouk, the son-in-law of former president Ben Ali. Tunisia’s cabinet supposedly approved a draft decree on 25 February to seize the assets of the former president and his family. It is also thought possible that France Telecom could be given the opportunity to buy Investec’s stake. Orange told Reuters that the company’s priority is to maintain the operations; at the end of 2010 it claimed 1.16 million wireless subscribers, having launched a combined 2G /3G network the previous May.

Tunisia, Orange Tunisia