Advanced, converged business services will provide significant upside in creating growth in the Tunisian telecommunications market, says Dubai-based telecoms conglomerate Tecom Investment.
Tecom, in conjunction with Dubai Investment Group (DIG) - both members of Dubai Holdings -acquired 35% of Tunisia Telecom for $2.25 billion earlier this month. The Tecom-DIG consortium was named the highest bidder for Tunisia Telecom stake in a bidding process involving 12 other telecom groups.
Tecom CEO Soud Ba`alawy says the partnership will create a strategic opportunity to expand the company`s growth, with a global investment strategy focusing on markets in the Middle East, North Africa and Mediterranean regions.
The group is looking forward to expanding operations in a progressive telecom market, says a senior Tecom official. "Recent liberalisation in many markets in this region has offered tremendous investment opportunities."
Tunisia Telecom has seen healthy telecom growth in the past five years, holding more than 3.7 million mobile and 1.25 million fixed clients. "We expect continued growth in a healthy mobile market with significant growth forecast in the Internet and data services," he says.
Tecom will provide converged services over a single IP network, offering a range of corporate and residential services, including IP triple play.
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