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Dubai’s Tecom outbid French Vivendi in a tender for 35 per cent of Tunisie Telecom, offering 3.05 billion Tunisian Dinars ($2.24bn) versus 2.76bn dinars offered by the French group, officials said at an open auction session.
Vivendi offered 2.44 billion dinars early this month ahead of Tecom’s 2.38bn, and the two companies were selected as a result by the Tunis government to bid in the auction, out of an original field of seven players.
“We did not expect Dubai’s Tecom-Dig to be so much higher,” said Christian Lalonde, a manager and member of his company’s delegation at the auction.

Posted: 03|31|06 at 7:50 am. Filed under: Auction News.