News
Telco makes 2.87 per share cash offer; acceptance period opens on 24 June.
Tunisie Telecom has offered €2.87 per share in cash for Malta’s Go, it announced on Tuesday.
The Tunisian telco was selected as the preferred bidder for Go last month, ahead of Bahrain’s Batelco.
The acceptance period for shareholders to take up the offer will run from 24 June to 22 July.
Tunisie Telecom said the deal will enable it to create a strong trans-Mediterranean partnership that will bring attractive synergies.
"We are very excited about this transaction as we believe that Go and Tunisie Telecom can achieve more together than they can apart," said Tunisie Telecom CEO Nizar Bouguila, in a statement.
"At the same time, we recognise that Go’s proven history of growth is based upon strong local and customer support in Malta and we are pleased to confirm that it is our intention to maintain Go as a publicly listed company," he said.
Go offers fixed and mobile telephony, broadband Internet and digital TV services in Malta, serving consumers and business customers.
It claims to be the country’s largest communications provider with half a million customer connections.
It also owns a 51% stake in Cyprus-based broadband operator Cablenet.
