VOL. XLV

No 45

11-November-2002

TELECOMS

Tunisian Government Approves OT- KNMT Joint Venture

The Tunisian government has approved a mobile phone joint venture which links Egypts Orascom Telecom (OT) with Kuwait National Mobiles Telecommunications (KNMT also known as al-Watania). On 16 October OT announced that it had sold 50% of its stake in Tunisian GSM operator OTT to KNMT (MEES, 28 October). OT had paid $454mn for the Tunisian license, but has recently begun to sell some of its assets in...