SENS Note - 04 October 2005

MTN announces bid for Tunisia Telecom

MTN confirms that it had submitted a prequalification application to the authorities in Tunisia to bid for a stake in Tunisia Telecom. 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 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. Shareholders are reminded that the company had issued a cautionary announcement on 19 September 2005 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 prequalification application to the Tunisian Authorities.

Click here for original article