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Tunisie Telecom picked as preferred bidder for Malta's Go

2016-05-24 16:15:00| Telecompaper Headlines

(Telecompaper) Malta operator Go has selected Tunisie Telecom as the preferred bidder to take over the company. Batelco was the other known company that offered to buy Go. Go said in a statement that the Tunisian operator offered EUR 2.87 per share for the company. This is slightly above the company's recent trading range but below a high of EUR 3.60 per share in the past year. Go's largest shareholder is Dubai-based Emirates International Telecommunications, with a 60 percent stake. EIT is also a shareholder in Tunisie Telecom. The latter confirmed its offer for Go and said it expects significant synergies from combining with the Maltese operator. 

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