The MTN Group has submitted a pre-qualification application to Tunisian authorities to bid for a stake in Tunisia Telecom.
MTN said in a statement issued today: "This is one of the first steps in a formal bidding process initiated by the Tunisian authorities and no confirmation can be given at this stage if MTN Group will submit a formal bid at a later stage. In addition, other expansion opportunities on the continent and the Middle East are continuously being explored by the company."
MTN added that it had issued a cautionary announcement on 19 September indicating that it had entered into negotiations, which if successfully concluded may have a material effect on the price of the company`s securities.
Shareholders are advised that this cautionary announcement does not relate to the submission of the pre-qualification application to the Tunisian authorities, it said.
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