Tunisie Telecom said today that its fully owned subsidiary TT ML Limited received acceptances in respect of 66,281,050 shares, equivalent to approximately 65.4 per cent of the total issued share capital of GO.

Under the terms of the Offer, GO shareholders who accepted the Voluntary Bid are entitled to receive a cash consideration of €2.87 per share which is payable following the completion of the transaction which is subject to the satisfaction of a number of conditions.

Chairman and chief executive officer of Tunisie Telecom Nizar Bouguila, said that while it while important that minority shareholders who wished to take the opportunity to participate in the offer were able to do so, it had always been its intention to have a strong, supportive local shareholder base and that GO retained its status as a distinct Maltese listed company.

WWe believe that local Maltese support will be essential in ensuring the success of our proposed strong trans-Mediterranean telecoms partnership, and we want GO to be a key pillar of that.”